SCPE, Providence bid for stake in Indian broadcast giant
Standard Chartered Private Equity and Providence Equity Partners are reportedly closing in on a joint 35% stake purchase in Indian broadcast giant Multi Screen Media (MSM) for approximately INR10 billion ($223.3 million).
MSM, which was previously known as Sony Entertainment Television India, is 61% owned by Sony Corporation, which does not appear to be providing the crux of the shares to the PE consortium. According...
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