MUMBAI: Direct-to-home (DTH) television service provider Tata
Sky has planned equity infusion of over Rs 5 billion every
year over the medium term to meet its capital expenditure
and for serving its debt.
additional equity will be raised from investors other than
the promoters and will result in dilution of Tata Sons' shareholding
from the current 60 per cent but is expected to be gradual.
Sons would remain the single largest shareholder in Tata Sky
after the equity infusions over the next few years. Tata Sons
holds 60 per cent stake in Tata Sky while News Corp. has an
effective stake of 29.8 per cent.