Stock Market News

DishTV climbs 8% on report of Bharti-Warburg acquiring promoters’ stake.

Shares of direct-to-home services provider Dish TV rallied 7.7 percent intraday on July 4 after a media report indicated that Airtel and private equity firm are likely to buy promoters’ 57.99 percent stake in the company.

The stock was quoting at Rs 32.55, up Rs 1.25, or 3.99 percent on the BSE at 1110 hours IST.

“The promoters of Dish TV will be exiting the business by selling their stake to Airtel Digital TV, the DTH arm of telecom giant Bharti Airtel,” reports Business Standard.

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