Friday, 29 May 2015

TataSky drops IPO plan; selected private equity investors

TataSky, a DTH operator has decided to drop its plan for an IPO and now the company will raise INR18 billion by selling 25 per cent stake to Private Equity investors.
In 2013, the DTH had planned to list the venture through IPO.
TataSky is owned by the Tata Group and 21st Century Fox. The company will use this sum in for its technology upgradation and expansion. 


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Dailyhunt appoints Umang Bedi as president

The former Facebook India MD Umang Bedi has been appointed as president at Dailyhunt.