Astro Sun Direct TV deal under scrutiny | DTH Forum with Fastest DTH Updates

CHANNEL LIST Astro Sun Direct TV deal under scrutiny
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
hah,, sun is back again in news, as always for wrong things more than good things these days..
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I'm from Malaysia, and i'm finding this news interesting. Still using Astro.:lol:
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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.

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