Dish TV gains on report Bharti Airtel may acquire promoter stake

Dish TV India climbed 8 per cent to their highest level since May 13 on Thursday.

Promoters to the direct-to-home service provider will be exiting the business by selling their stake to Bharti Airtel’s DTH arm Airtel Digital TV, Business Standard reported.

Airtel will likely partner with private equity major Warburg Pincus for the deal and promoters will get Rs 4,800-5,300 crore ($697.17-$769.79 million) for their stake, the report added.

Dish TV was not immediately reachable for comment, while Airtel and Warburg Pincus did not immediately respond.

Bharti Airtel shares gained up to 3.3 per cent, their biggest intraday percentage gain since May 24.