After numerous failed attempts to list the company in India, Tata Group and The Walt Disney India, the joint venture partners of Tata Play (formerly Tata Sky), have now decided to conduct an initial public offering (IPO), according to news reports.
One of the reports added that the top direct-to-home (DTH) platform has already selected Cyril Amarchand Mangaldas (CAM), one of India's largest corporate law firms, to provide advice on the IPO and subsequent listing, as well as Kotak Mahindra Bank as the lead banker.
In order to launch the DTH business with a 20% share, Murdoch-owned Fox and the Tata Group formed a joint venture. Later in 2008, Temasek Holdings of Singapore purchased a 10% share in the business.
Tata Play reported operating revenue of Rs4,741 crore and a net profit of Rs68.6 crore for FY22, with 18.3 million active pay users as of March 31.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.