InvestorQ : Is it true that Tata Sky is also planning an IPO in the near future?
Rashi Mehra made post

Is it true that Tata Sky is also planning an IPO in the near future?

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Archita Jajjoo answered.
3 months ago
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The Tata Sky IPO has been talked about for a long time but it looks like the company may finally file its DRHP with SEBI for an IPO in this fiscal. Currently, Tata Sky is unlisted and it is part of the holdings of Tata Sons. However, Tata Sky does plan to file DRHP with SEBI for an IPO in the range of Rs.2,000-3,000 crore. While details are yet to be divulged, it is anticipated that this IPO could be a mix of fresh issue and an offer for sale.

The IPO will provide exit to investors, including Disney. Even Singapore based Temasek could be looking to monetize some of its stake in Tata Sky through the IPO. Tata SKY has leadership in the DTH space in India with a market share of 33%. The market share of competition in the DTH space is Dish TV (25.5%), Bharti (25.17%) and Sun Direct (16.35%).

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