Acquisitions & Mergers

The purchase of a 10% share in Tata Play by Tata Sons from Temasek is approved by CCI.

The purchase of a 10% share in Tata Play by Tata Sons from Temasek is approved by CCI.

By Kajal Sharma - 18 Mar 2025 06:13 PM

With the approval of the Competition Commission of India (CCI), Tata Sons has increased its ownership of Tata Play to 70% by purchasing a 10% share from Baytree Investments. Additionally, Tata Play and Bharti Airtel are negotiating a DTH business merger. With Airtel predicting a majority ownership, the combined company might be worth between 6,000 and 7,000 crore.

The purchase of a 10% share in Temasek-owned Baytree Investments' direct-to-home (DTH) service Tata Play by Tata Sons has been authorized by the Competition Commission of India (CCI). Following the transaction, Walt Disney now owns 30% of Tata Play, while Tata Sons now own 70%.According to an ET story on April 30, 2024, Temasek's 10% interest in Tata Play was purchased by Tata Sons for about $100 million, increasing its ownership to 70%. Tata Play was valued at $1 billion in the deal, a substantial decrease from its previous $3 billion estimate.

 

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