Tata Play IPO: Another corporate of Tata Group, probably the most biggest industry teams within the nation, can now be indexed within the inventory marketplace. The IPO of Tata Group’s Tata Sky, which has turn into Tata Play after the title trade, is ready to come back. Draft papers for the IPO of Tata Group’s satellite tv for pc tv industry Tata Play will also be submitted to SEBI by way of the top of this month.
What would be the dimension of the IPO
According to the inside track, the draft of Direct Red Herring Prospects (DRHP) shall be submitted to SEBI by way of the top of this month. Talking concerning the dimension of the IPO, it might probably stay within the vary of $ 300-400 million. According to a record of Live Mint, this information has come.
Tata Play IPO information got here in July
We had knowledgeable you in July itself that the IPO of Tata Play (previously Tata Sky) might be introduced quickly. In truth, many investor corporations, together with Disney, need to promote their stake in Tata Sky. In the proposed IPO, traders Temasek and Tata Capital are going to promote a part of their stake within the corporate, which will occur throughout the IPO path.
tata play stake account
In 2004, Tata Sky began running as an 80:20 three way partnership between Tata Sons and Network Digital Distribution Services FZ-LLC (NDDS). NDDS is a part of Rupert Murdoch’s twenty first Century Fox. Disney bought Fox in 2019, and then Disney holds some other 9.8 in keeping with cent stake in Tata Sky via TS Investments Ltd, whilst Tata Sons holds 41.49 in keeping with cent within the corporate.
IPO of any Tata corporate will come after 18 years
Let us inform you that once 2004, the IPO of any corporate has no longer come from the Tata crew. That is, it’s been 18 years for the reason that IPO of a Tata crew corporate got here. Let us inform you that during 2004, about 18 years in the past, the IPO of the rustic’s biggest IT corporate Tata Consultancy Services (TCS) got here. TCS raised Rs 5500 crore via IPO.
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