Tata Sky plans to enter market with Rs3,000-cr IPO domain-b.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from domain-b.com Daily Mail and Mail on Sunday newspapers.
Limited partners or existing partners in the Tata Opportunities Fund are likely to get their money back by the end of 2022, either through initial public offerings or by offloading shares in the businesses
The IPO could possibly be launched before the end of this fiscal by
Updated: Aug 4, 2021 2:02 PM
Direct to home (DTH) operator Tata Sky, which is jointly owned by the Tata Group and Walt Disney, is planning to list on the bourses. According to a news report, the DTH company will soon file its IPO prospectus with Securities and Exchange Board of India (SEBI) by next month. The IPO could possibly be launched before the end of this fiscal.
The report further stated that the IPO size will be between Rs 2,000-3,000 crore which includes a mix of primary capital raising and secondary share sales by existing investors. The IPO will provide an exit route to Disney which is not keen on continuing in the TV distribution business.
Motilal Oswal Private Equity invests $25m in Fincare Small Finance Bank
May 3, 2021
India Business Excellence Fund – III, managed and advised by Motilal Oswal Private Equity, has invested $25 million to pick up a minority stake in Fincare Small Finance Bank through a secondary acquisition.
Fincare Small Finance Bank (SFB) is a Bengaluru-based MFI-NBFC turned Small Finance Bank. Fincare was one of the 10 applicants of a total of 72 to receive the Reserve Bank of India’s (RBI) approval for converting into a small finance bank under the guidelines for this new class of lenders issued by the central bank in 2015.
Before converting into a small finance bank, the microfinance lender was largely conducting business from two entities – western India-based Disha Microfin and South India-based Future Financial Services under a single overarching management team.