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Videocon looking to sell stake in unit for $75-$100 mn: Sources

Videocon looking to sell stake in unit for $75-$100 mn: Sources
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First Published: Fri, Nov 04 2011. 06 58 PM IST

Videocon Industries chairman Venugopal Dhoot. File photo.
Videocon Industries chairman Venugopal Dhoot. File photo.
Updated: Fri, Nov 04 2011. 06 58 PM IST
Mumbai: Videocon Industries is looking to sell a 25% stake in its direct-to-home broadcast services business for roughly $75 million to $100 million and is in talks with private equity firms, people with direct knowledge of the matter said.
Videocon Industries chairman Venugopal Dhoot. File photo.
Potential investors in the unit, branded D2H, include ICICI Venture, the private equity arm of ICICI Bank, sources said. Videocon has hired UBS to find an investor, sources said.
Videocon and ICICI Venture declined to comment. UBS officials could not be reached for immediate comment.
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First Published: Fri, Nov 04 2011. 06 58 PM IST
More Topics: Videocon | DTH | D2H | Stake | ICICI Venture |