TMCnet News
Americorp Ventures to sell 9.33% stake in Asianet Satellite Communications to SIDOFI CommunicationsSep 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% |