- Tata Sons raises stake in Tata Play to 70% by acquiring Temasek’s 10% share.
- Walt Disney holds a 30% stake in Tata Play, with talks of Tata possibly acquiring Disney’s share.
- Tata Play, valued at $1 billion, postponed its IPO due to challenging market conditions.
Tata Sons boosts its ownership in Tata Play by purchasing Temasek’s stake, now holding 70%. The acquisition, worth $100 million, strengthens Tata’s position in the DTH sector.
Tata Play, valued at $1 billion, reports 21 million subscribers, making it India’s largest DTH firm. Tata plans a joint venture with Walt Disney, which currently holds a 30% stake. Talks are underway to potentially buy out Disney’s share as it seeks to exit non-core businesses.
SEBI approved Tata Play’s IPO plan in May 2023, but market conditions delayed its launch. Formerly Tata Sky, Tata Play remains a significant player in India’s media landscape, with Temasek having invested in the platform in 2007.
