The Competition Commission of India has approved the acquisition of certain additional shareholding in Tata Play (Tata Play) by Tata Sons (Tata Sons) from Baytree Investments (Mauritius).

The Proposed Combination involves the acquisition of 10% shareholding in Tata Play by Tata Sons.

Tata Sons is an investment holding company, which is registered as a core investment company with the Reserve Bank of India and classified as a “Systemically Important Non-Deposit Taking Core Investment Company”.

Tata Play, formerly known as Tata Sky, is one of India’s leading content distribution platforms providing Pay TV and Over-the-top (OTT) services. It provides Direct-to-Home (DTH) television, offering broadcaster’s satellite television channels and platform services across genres and languages. Tata Play also provides Tata Play Binge, an OTT platform that brings diverse and popular OTT apps on a single user interface.

Detailed order of the Commission will follow.

News source: PIB