Tata Play, Tata Group’s entertainment arm formerly known as Tata Sky, is reportedly on track to become one of the first Indian businesses to submit a private pre-filing of offer documents for an IPO.
Tata Play intends to raise between INR 2,000 and INR 2,5000 Cr through the IPO, according to a report from ET. The Walt Disney Company and other stakeholders would be able to leave the business through the public offering. It was first introduced in 2004 as the 80:20 joint venture of Tata Sons and 21st Century Fox under the name Tata Sky. Tata Play reported a net profit of INR 68.6 Cr for FY22 and had 18.3 Mn active pay subscribers as of March 31.
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Tata Play, Tata Group’s entertainment arm formerly known as Tata Sky, is reportedly on track to become one of the first Indian businesses to submit a private pre-filing of offer documents for an IPO.
Tata Play intends to raise between INR 2,000 and INR 2,5000 Cr through the IPO, according to a report from ET. The Walt Disney Company and other stakeholders would be able to leave the business through the public offering. It was first introduced in 2004 as the 80:20 joint venture of Tata Sons and 21st Century Fox under the name Tata Sky. Tata Play reported a net profit of INR 68.6 Cr for FY22 and had 18.3 Mn active pay subscribers as of March 31.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
