Tata Play is set to file confidential filing for IPO

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.