India, March 17 -- The Government of India issued the following news release:
The Competition Commission of India has approved the acquisition of certain additional shareholding in Tata Play Limited (Tata Play) by Tata Sons Private Limited (Tata Sons) from Baytree Investments (Mauritius) Pte Ltd.
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) se...