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Tata Sons' move to boost stake in Tata Play gets Indian regulatory clearance
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Tata Sons' move to boost stake in Tata Play gets Indian regulatory clearance
Mar 17, 2025 7:45 AM

March 17 (Reuters) - Tata Sons' acquisition of an

additional 10% stake in Tata Play from an affiliate of

Singaporean sovereign wealth fund Temasek Holdings has received

regulatory clearance, the Competition Commission of India (CCI)

said on Monday.

The deal to buy Baytree Investments (Mauritius) Pte's

holding in the direct-to-home (DTH) and digital content

distribution platform will raise Tata Sons' stake to 70%. Walt

Disney ( DIS ) owns the remaining 30% of the joint venture.

Tata Play and Airtel Digital TV are close to merging their

satellite TV businesses, creating a $1.6 billion entity, as they

seek to navigate the ongoing shift of subscribers to digital

streaming, as per media report.

Tata Play and Airtel Digital TV accounted for more than 35

million paid subscribers as of September last year, representing

more than half of India's 60 million DTH subscriber base,

according to a government report.

(Reporting by Ashna Teresa Britto; Editing by Anil D'Silva)

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