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. 


No comments:

Post a Comment

Hathway & ZEEL make out-of-court settlement

On 20 February, broadcaster ZEEL had moved the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) to recover outstanding dues from ...