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PE Fund SIDOFI Communication To Buy 10% In Asianet
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September 07, 2010, 10:48 AM | Deeshesh Chheda
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Mauritius-based private equity fund SIDOFI Communication Investment is set to acquire nearly 10% stake in Kerala-based broadcaster Asianet Communication Limited (ACL), which is backed by leading broadcaster Star TV India.
SIDOFI will buy this stake from another Mauritius-based private equity fund Americorp Ventures. Americorp bought 9.33% stake in Asianet in 2005 for Rs.6.6 crore valuing Asianet at Rs.70 crore.
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