ADAG eyes cable distribution

After DTH, FM radio and film production, distribution & exhibition, the Reliance Anil Dhirubhai Ambani Group (ADAG) may soon get a slice of the cable distribution business in the country

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Investment banking sources say London-based private equity fund Ashmore Investment may soon swap a significant portion (over 20%) of its stake in Digicable, a leading cable distribution firm, with that of Big TV, the direct-to-home (DTH) arm of Reliance Adag, or its subsidiary firms.