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Markets | Dish TV in stake sale talks with PE firms

Markets | Dish TV in stake sale talks with PE firms
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First Published: Thu, Feb 26 2009. 11 39 PM IST
Updated: Thu, Feb 26 2009. 11 39 PM IST
Mumbai:Dish TV India Ltdis in talks with private equity firms for a stake sale, a top official said on Thursday.
“The talks are on but I will not be able to declare anything for the next two months,” managing director Jawahar Goel told television channel NDTV Profit.
The direct-to-home satellite services operator is also passing on the service tax cut to its consumers,“the 2% service tax (cut) we have passed on to the consumer”.
Reuters
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Piramal Healthcare up on stake sale report
Mumbai: Piramal Healthcare Ltd shares rose 16.93% to Rs208.90 in Mumbai trading after a newspaper report stated that Sanofi-Aventis has emerged in the lead to buy a substantial stake in the company. “French drug maker Sanofi-Aventis has emerged as the front-runner to buy a substantial stake in Piramal Healthcare at over 50% premium to its current share price,” ‘The Economic Times’ said on Thursday.
Sanofi-Aventis has completed due diligence and the deal could be closed soon, the report said, citing unnamed sources. A Sanofi-Aventis spokeswoman told the paper the acquisition reports were unfounded.
“All this is just speculation,” Swati Piramal, director at Piramal Healthcare, said over the telephone.
Reuters
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First Published: Thu, Feb 26 2009. 11 39 PM IST
More Topics: Dish TV | Stake | PE | DTH | Piramal Healthcare |