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Tata Play is currently the only consumer-facing business under the group’s media and entertainment sector. With over 21 million subscribers, it is India's largest DTH firm.
This deal takes the stake of Tata Group's holding company to 70 percent in the satellite TV provider, according to the report
OTT Platforms: During the open house discussion, Reliance Jio's Ravi Gandhi mentioned that tariff forbearance, like in the telecom sector, would help the broadcasting industry, stressing the importance of a fair regulatory framework.
An announcement regarding this deal is expected to be made in the coming days.
India's Reliance Industries is in talks to buy Disney's stake in satellite TV provider Tata Play, the Business Standard newspaper reported on Thursday, as billionaire Mukesh Ambani's firm seeks to bolster its media presence. The oil-to-telecom conglomerate is looking to buy Walt Disney's 29.8% stake in the loss-making Tata Play as it seeks to offer its entire JioCinema content to Tata's customers, the newspaper reported, citing sources aware of the development. Bankers are currently valuing Disney's stake in Tata Play, which also offers access to video streamin...