Telecom operator Bharti Airtel is on the lookout to buy a majority stake in direct-to-home (DTH) company Dish TV India Ltd, promoted by Subhash Chandra’s Essel Group. The telecom company is in the early stages of talks at present.
Indian shares rose on Thursday, led by energy, pharma and auto stocks, although gains were capped by fears over the Omicron coronavirus variant after the United States became the latest country to report a case.
Bharti Airtel may buy stake in Dish TV. Accounting firm EY, which Airtel has hired to inspect Dish TV s financials, submitted the due diligence report to the telecom company on October 25, according to the media reports.
Telecom operator Bharti Airtel is on the lookout to buy a majority stake in direct-to-home (DTH) company Dish TV India Ltd, promoted by Subhash Chandra’s Essel Group. The telecom company is in the early stages of talks at present.
Major telecom operator Bharti Airtel is in talks with Dish TV to buy a majority stake, according to a report. However, none of the two companies have confirmed the deal officially.