Temasek sells 10% stake in DTH firm Tata Play to Tata Sons for $100-M

Tata Sons has raised its shareholding in DTH firm Tata Play to 70% by acquiring Singaporean government-owned investment firm Temasek's 10% stake in the company for about USD 100 million (about INR 835 crore).Temasek, through its affiliate Baytree Investments Mauritius, had acquired a 10% stake in Tata Play, formerly Tata Sky, in 2007.With Temasek's exit, Tata Play will become a 70:30 JV between Tata and Walt Disney, which is also looking to exit the company.Disney inherited the 30% stake in Tata Play from the acquisition of Rupert Murdoch-promoted 21st Century Fox's India assets, including primarily Star India.Sebi had approved Tata Play's proposed public issue in May 2023. However, the IPO was postponed by the company.