Tata Sons acquires Temasek’s 10% stake in Tata Play; ups stake to 70%

Temasek, the Singaporean investment firm, has exited Tata Play, selling its 10% stake in the DTH service provider to Tata Sons for $100 million, as per industry reports. With this, Tata Sons’ overall stake in Tata Play has gone up to 70%.

As per media reports, Tata Play has informed the Ministry of Information and Broadcasting about this change in shareholding.

With this stake sale, Tata Play now becomes a 70:30 joint venture between Tata and Walt Disney.

Media reports further informed about Tata and Walt Disney reportedly holding talks last year about the latter selling its 30% stake in Tata Play. The reports stated that this was due to DTH being a non-core business for Disney.