Tata group has begun discussions to sell an additional stake in Tata Sky, its direct-to-home (DTH) television arm, to joint venture partner Twenty-First Century Fox Inc., said two people aware of the development. A Tata Sons spokesperson said: “We do not comment on speculation.”Tata Sky started operations in 2004 as an 80:20 joint venture between Tata Sons and NDDS. Ltd acquired 10% of Tata Sky. It owned 29.8% of the company’s equity capital and Tata Sons owned 51.69% as of September 2016. Since inception, Tata Sky has received regular funding from its parent Tata Sons to support its capital expenditure, on average Rs1,600 crore per year, from FY14 till last year.

Source: Mint July 13, 2017 19:14 UTC