Tata Sons has received regulatory approval from the Competition Commission of India (CCI) to increase its stake in Tata Play by acquiring an additional 10 per cent from Baytree Investments (Mauritius) Pte, an affiliate of Singapore’s Temasek Holdings. This transaction will raise Tata Sons’ ownership in the direct-to-home (DTH) and digital content distribution platform to 70 per cent, while Walt Disney holds the remaining 30 per cent.
Additionally, Tata Play and Airtel Digital TV are in advanced discussions to merge their satellite TV operations, forming a $1.6 billion entity. The merger aims to address the shifting consumer preference toward digital streaming.
