10 April 2025
Tata Sons, the parent company of Tata Play, has received the green light from the Competition Commission of India (CCI) to acquire an additional 10% stake in the country’s largest DTH (Direct-to-Home) operator.
With this acquisition, Tata Sons has boosted its ownership in Tata Play from 60% to 70%. The additional stake was purchased from Baytree Investments (Mauritius) Pte, an affiliate of Singapore’s sovereign wealth fund, Temasek Holdings, according to a report by Reuters.
Walt Disney continues to hold the remaining 30% stake in Tata Play. As the DTH market in India faces challenges, the recent move by Tata Sons signifies a strategic effort to strengthen its position in the sector.