Tata Sky gears up for listing in FY22

Tata Sky, the satellite television business of the Tata group, will soon file draft share sale documents with the markets regulator for an initial public offering (IPO) by the end o March, two people aware of the development said.

“Work on the draft IPO prospectus is in advanced stages and could be filed with Sebi (Securities and Exchange Board of India) by next month; so, the deal could possibly be launched before the end of this fiscal,” one of the two people said. Kotak Mahindra Capital is advising Tata group on the IPO, the person said, adding a couple of foreign investment banks are also involved.