The Competition Commission of India (CCI) has approved Tata Groups’ holding firm Tata Sons’ proposed acquisition of an additional 10% stake in the over-the-top (OTT) services platform Tata Play from Singapore’s sovereign wealth fund Temasek Holdings.

• It is pertinent to note that Baytree Investments (Mauritius) is an affiliate of Temasek.
• Tata Play (erstwhile Tata Sky) is the group’s digital content distribution arm. It offers  OTT and direct-to-home services to its customers.
• The development comes almost a month after Tata Sons reportedly sought approval from CCI for acquiring additional stakes in Tata Play.
• At that time, Tata Sons owned 70% stake in the OTT services provider after it bought an additional 10% stake in the company from Teamsek Holdings for INR 835 Cr in April 2024.
• The remaining 30% stake lies with the global entertainment brand Walt Disney.