MUMBAI–Indian direct-to-home television-service provider Tata Sky Ltd. is likely to apply soon for an initial public offering to raise 25 billion rupees ($466.2 million), according to a person involved in the process. The company recently selected investment banks Kotak Mahindra Capital Co.,500247.BY +0.64% Morgan Stanley MS -1.35% and Citigroup Inc. C +0.57% to manage the […]