Singapore-based private fund Temasek Holdings has invested Rs. 250 crores in Tata Sky, the DTH service joint venture between the Tata Group and Star TV, for a 10% stake, belonging to Tata Group holding company Tata Sons. Following this restructuring, Tata Sons' stake has been reduced to 70%, while Star continues to maintain its 20% holding. This is Temasek's second investment in the Tata Group of companies. It had earlier acquired about 10% stake in CDMA service provider Tata Teleservices.
In a related development, Sky TV’s competitor, Dish TV is reportedly in talks with Warburg Pincus for diluting a stake to the latter.
Read the article in The Economic Times.
Showing posts with label Star TV. Show all posts
Showing posts with label Star TV. Show all posts
Subscribe to:
Posts (Atom)