This post is in continuation of my Investor Presentation Series (see here)
[gview file=”https://alphaideas.in/wp-content/uploads/2013/05/AHEL-Q4-FY13-Earnings-Update.pdf”]
This post is in continuation of my Investor Presentation Series (see here)
[gview file=”https://alphaideas.in/wp-content/uploads/2013/05/AHEL-Q4-FY13-Earnings-Update.pdf”]
Apollo is one of the largest alternate asset managers in the world with over 113 Billion $ under management.
In late 2009, they invested around 100 Million $ in Dish TV India.The deal was structured as follows:
The good folks at Apollo even get a board seat at Dish TV so that they can keep a close eye on their investment.
Today, there is news release that Apollo plans to sell off its stake .
Now the current price of Dish TV (todays close) is Rs.66.25.Assuming the conversion rate to be 54.11, each GDR works out to be around 1224 $. They may be able to get a premium over the prevailing market price as well.
Not a bad $ return for around 3.5 years of work.
Now only if Apollo’s investment in Welspun Corp gave a similar kind of returns !