Aion acquires India's PlanetCast, Kubera exits
Aion Capital Partners, a special situations joint venture between Apollo Global Management and ICICI Venture, has bought a controlling stake in Indian broadcast technology services provider PlanetCast Media Services from investors including PE firm Kubera Partners.
Along with Kubera, affiliates of the Essel Group and the Shyam Group partially exited their stakes as well, according to the Press Trust of India. Financial details of the transaction have not been announced,...
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