Tata Sky plans to enter market with Rs3,000-cr IPO domain-b.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from domain-b.com Daily Mail and Mail on Sunday newspapers.
The IPO could possibly be launched before the end of this fiscal by
Updated: Aug 4, 2021 2:02 PM
Direct to home (DTH) operator Tata Sky, which is jointly owned by the Tata Group and Walt Disney, is planning to list on the bourses. According to a news report, the DTH company will soon file its IPO prospectus with Securities and Exchange Board of India (SEBI) by next month. The IPO could possibly be launched before the end of this fiscal.
The report further stated that the IPO size will be between Rs 2,000-3,000 crore which includes a mix of primary capital raising and secondary share sales by existing investors. The IPO will provide an exit route to Disney which is not keen on continuing in the TV distribution business.