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Dish TV shares sink as promoters sell stake

This article was posted on Jun 8, 2009 and is filed under Stock News

At 11:57am (IST), Shares of Dish TV have plunged by over 11% to Rs47.7.

Shares of Dish TV have plunged by over 11% to Rs47.7 after the promoter of the company offloaded ~65.88mn shares of the company on the BSE and the NSE at average price of Rs49 per share.

The shares were transacted in 10 transactions and the stake offloaded represent ~6.96% of the company’s share capital.

source: Indiainfoline

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