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Americorp Ventures to sell 9.33% stake in Asianet Satellite Communications to SIDOFI Communications
[September 10, 2010]

Americorp Ventures to sell 9.33% stake in Asianet Satellite Communications to SIDOFI Communications


Sep 10, 2010 (Datamonitor Financial Deals Tracker via COMTEX) -- Americorp Ventures Limited is expected to sell its 9.33% stake in Asianet Satellite Communications, Ltd., an India-based cable network services company, to SIDOFI Communications Investments, Ltd. for approximately INR1,680 million ($36.12 million).



SIDOFI and Americorp are Mauritius-based equity investment firms.

Americorp had acquired the Asianet stake for a reported amount of INR66 million ($1.42 million) earlier in 2005, valuing Asianet at about INR700 million ($15.05 million).


Deal Value (US$ Million) 36.12 Deal Type Private Equity Sub-Category Exit Deal Status Announced: 2010-09-07 Deal Participants Target (Company) Asianet Satellite Communications, Ltd.

% Acquisition 9.33%

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