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.
This Tata Group company is headed next for an IPO
Tata Sky s IPO will give an exit route to investors, particularly Disney which has been looking to off load its stake Tata Sky IPO is expected to be launched before the end of this fiscal BusinessToday.In
Updated Aug 04, 2021, 11:45 AM IST
Tata Sky, the satellite TV business arm of the Tata Group, is gearing up for listing in FY22 and will soon file draft share sale documents with the Securities and Exchange Board of India (SEBI) for its initial public offer (IPO).
Work on the draft IPO prospectus is in the final stages and is likely to be filed with the markets regulator by next month. Thus, the IPO is expected to be launched before the end of this fiscal, a source told the Mint.
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.