The Competition Commission of India (“CCI”), vide Press Release No. 114/2024-25[1] dated March 17, 2025, approved the proposed acquisition of an additional 10% (ten percent) shareholding in Tata Play Limited (“Target”) by Tata Sons Private Limited (“Acquirer”) from Baytree Investments (Mauritius) Pte Ltd.
The entities involved in the proposed acquisition are:
- The Acquirer, an investment holding company registered as a core investment company with the Reserve Bank of India. The Acquirer is classified as a “Systemically Important Non-Deposit Taking Core Investment Company” and serves as the principal holding company of the Tata Group.
- The Target, formerly known as Tata Sky, a leading content distribution platform in India. The Target offers Direct-to-Home (DTH) television services, providing a wide range of satellite television channels and platform services across various genres and languages. Additionally, it operates ‘Tata Play Binge’, an Over-the-Top (OTT) platform which integrates multiple popular OTT apps into a single user interface.
[1] https://www.cci.gov.in/media-gallery/press-release/details/501/0