Tata Sky IPO Likely: Tata Sky’s DTH (Direct To Home) company is also preparing to bring IPO. Many invested companies, including Disney, want to sell their stake in Tata Sky. It is believed that for this IPO is being considered. These companies can sell their stake through the IPO route. However, the company has not yet filed a draft paper with the stock market regulator SEBI to bring the IPO. Let us tell you that Tata Sky of the Tata Group is present in the Satellite Television Business.
Let us tell you that no IPO of any company has come from Tata Group after 2004. That is, it has been 18 years since the IPO of a Tata group company came. Let us tell you that in 2004, about 18 years ago, the IPO of the country’s largest IT company Tata Consultancy Services (TCS) came. TCS raised Rs 5500 crore through IPO.
However, Tata Technologies, a subsidiary of Tata Motors, is also preparing to bring an IPO. Tata Technology, a company associated with product engineering and digital services, has started taking the necessary preliminary steps to bring an IPO. It is clear that if the plan of Tata Motors is successful, then this will be the first IPO brought by the Tata group after TCS IPO in 2004. According to the 2022 annual report of Tata Motors, Tata Motors holds a 74 percent stake in Tata Technologies.
That is, investors investing in IPO can get a big opportunity to invest in IPO of Tata group companies. Tata Sky’s IPO with Tata Technologies can also bring Tata Group.