Tata Sons increases stake in Tata Play to 70%

Tata Sons has received approval from the Competition Commission of India to acquire an additional 10% stake in Tata Play from Temasek Holdings. This deal raises Tata Sons' total stake to 70%, while Walt Disney retains 30%. The acquisition involves Baytree Investments (Mauritius) Pte, which holds shares in Tata Play, a direct-to-home and digital content platform. Tata Play and Airtel Digital TV are also planning to merge their satellite TV businesses. The merger aims to create a $1.6 billion entity amid a shift towards digital streaming. Together, Tata Play and Airtel Digital TV serve over 35 million paid subscribers, more than half of India's DTH market.