Saturday 21-September-2013, 16:34
Astro All Asia Networks, whose investment in Sun Direct TV has come under scrutiny in the Aircel-Maxis ownership case for alleged 'highly inflated valuation', has written to the Central Bureau of Investigation saying it followed an RBI-recommended methodology to invest in the DTH service provider.
Source:Times of India
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Saturday 21-September-2013, 17:52
hah,, sun is back again in news, as always for wrong things more than good things these days..
Friday 18-October-2013, 14:05
Did not pay premium for 20% stake in Sun Direct: Malaysian firm to CBI
Thomas K Thomas
New Delhi, Oct. 16:
Malaysia’s media and entertainment company Astro All Asia Networks Ltd has told the Central Bureau of Investigation that it paid a lower value to buy a stake in Sun Direct TV Pvt Ltd compared with the valuation arrived at by investment banker JP Morgan.
In a letter to CBI Director Ranjeet Sinha, sent on September 25, Astro said while JP Morgan had set the value of Sun Direct in 2007 in the range of Rs 2,610-3,380 crore, Astro paid Rs 549 crore for a 20 per cent stake in Sun Direct, pegging the enterprise value at Rs 2,196 crore.http://www.thehindubusinessline.com/comp...?css=print
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