Telecom operator Bharti Airtel Ltd is in early talks to buy a majority stake in broadcast satellite service provider Dish TV India Ltd, financial daily Mint reported on Thursday, citing people familiar with the matter.
Shares of Dish TV jumped 4.8% in early trade to hit their upper circuit at ₹ 18.40.
Airtel and Dish TV did not immediately respond to requests for comment from Reuters.
The report said Airtel executives have had discussions with Dish TV parent Essel Group’s founder, Subhash Chandra, for the deal.
Accounting firm EY, which Airtel has hired to inspect Dish TV’s financials, submitted the due diligence report to the telecom company on October 25, the Mint said. Business Today