Saturday, July 19, 2025
  • Login
Forbes 40under40
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle
No Result
View All Result
Forbes 40under40
No Result
View All Result
Home Leadership

Tata said to shelve media unit IPO after buying out Temasek stake

by Yurie Miyazawa
in Leadership
Tata said to shelve media unit IPO after buying out Temasek stake
Share on FacebookShare on Twitter


The Indian conglomerate seeks to expand the business ahead of any potential listing in the future

Tata Group has shelved plans for an initial public offering of its entertainment content distribution platform after buying out minority investors, according to people familiar with the matter.

The Indian conglomerate has opted to keep Tata Play as a closely held company for longer as it seeks to expand the business ahead of any potential listing in the future, the people said, asking not to be identified because the matter is private. Tata has withdrawn the prospectus it filed with the Securities and Exchange Board of India for a Mumbai IPO, the people said.

The decision to put the IPO plans on hold came after Tata bought out minority investors in the unit, including Singapore’s Temasek Holdings and the group’s flagship private equity venture Tata Opportunities Fund, the people said. Last year, Tata had been weighing postponing the IPO plans given market conditions, Bloomberg News reported at the time.

Plans for an IPO of Tata Play could still be revived in the future, the people said. Tata may seek a valuation of more than US$1 billion for the entertainment business in any potential share sale, they added.

Representatives for Tata Group and Tata Play declined to comment.

Tata Play provides pay television via set-top boxes and over-the-top video streaming through its app, according to the conglomerate’s website. Tata Play was formerly known as Tata Sky.

Tata Play had filed confidentially with India’s capital markets regulator in 2022, becoming the first Indian company to take advantage of the option to file IPO documents without making sensitive information public. BLOOMBERG

Tags: BuyingIPOMediashelveStakeTataTemasekunit
Yurie Miyazawa

Yurie Miyazawa

Next Post
Nvidia’s forecast dampens AI enthusiasm in other tech stocks

Nvidia's forecast dampens AI enthusiasm in other tech stocks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Forbes 40under40 stands as a distinguished platform revered for its commitment to honoring and applauding the remarkable achievements of exceptional individuals who have yet to reach the age of 40. This esteemed initiative serves as a beacon of inspiration, spotlighting trailblazers across various industries and domains, showcasing their innovation, leadership, and impact on a global scale.

 
 
 
 

NEWS

  • Forbes Magazine
  • Technology
  • Innovation
  • Money
  • Leadership
  • Real Estate
  • Lifestyle
Instagram Facebook Youtube

© 2024 Forbes 40under40. All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Innovation
  • Real Estate
  • Leadership
  • Money
  • Lifestyle

© 2024 Forbes 40under40. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In