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News Tata Opportunities Fund to buy 5% stake in Tata Sky
Thursday 16-May-2013, 13:04,
Tata Opportunities Fund to buy 5% stake in Tata Sky
MUMBAI: Tata Opportunities Fund (TOF) LP - a captive PE fund of the $100 billion salt-to-software conglomerate -- is all set to buy a 5% stake in Tata Group's joint venture DTH company Tata Sky. TOF, which has a corpus of $600 million raised last month, will pay Rs 275 crore ($50 million) for a 5% stake, valuing the loss making JV at $1 billion.

This transaction is also expected to set a benchmark valuation, say industry experts as the company is likely to list next year. Tata Sky, set up seven years ago, competes in the fast growing direct-to-home TV-service market with Dish TV (part of the Zee Group) Bharti Airtel, Reliance Communications, Sun Group and Videocon.

http://timesofindia.indiatimes.com/busin...080462.cms
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Thursday 16-May-2013, 13:12,
RE: Tata Opportunities Fund to buy 5% stake in Tata Sky
(Thursday 16-May-2013, 13:04)Viki Wrote: MUMBAI: Tata Opportunities Fund (TOF) LP - a captive PE fund of the $100 billion salt-to-software conglomerate -- is all set to buy a 5% stake in Tata Group's joint venture DTH company Tata Sky. TOF, which has a corpus of $600 million raised last month, will pay Rs 275 crore ($50 million) for a 5% stake, valuing the loss making JV at $1 billion.

This transaction is also expected to set a benchmark valuation, say industry experts as the company is likely to list next year. Tata Sky, set up seven years ago, competes in the fast growing direct-to-home TV-service market with Dish TV (part of the Zee Group) Bharti Airtel, Reliance Communications, Sun Group and Videocon.

http://timesofindia.indiatimes.com/busin...080462.cms

The most happiest people reading this will be Reliance and Sun people , as in this they mentioned they are in competition with tatasky Big Grin LolLol
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