Mumbai: Apollo India Pvt. Equity II (Mauritius) Ltd has sold its entire 3.58% stake in direct-to-home services provider Dish TV India Ltd for 399 crore. According to the bulk deal data available on the BSE, Apollo India Pvt Equity Mauritius sold 3,81,23,235 shares, representing 3.58% stake, of Dish TV for 399 crore. The shares were sold at an average price of 104.64. As of June 2015, Apollo India Pvt. Equity II (Mauritius) Ltd held 3,81,23,235 shares or 3.58% stake in Dish TV. Earlier, the private equity firm held 7.98% stake in the company which it brought down to 3.58% in June this year.

Apollo India Pvt. Equity II (Mauritius) sold 4.69 crore shares or 4.4% stake worth 497 crore in June. Dish TV posted a consolidated net profit of 54.21 crore for the first quarter of the fiscal against a consolidated net loss of 14.97 crore for the corresponding quarter last fiscal. Shares of Dish TV India ended down 3.81% at 106 on the BSE on Wednesday.

Meanwhile, in another bulk deal transaction at the NSE, one Dilip Kumar Vishindas Lakhi bought 2,48,026 shares of Gulf Oil Corp. Ltd for 3.47 crore. The deal was carried at a price of 139.99. Shares of the company ended at 145, up 5% on the NSE.