CCI Approves Tata Sons' Acquisition of Additional Stake in Tata Play
| Topic | Details |
|---|---|
| Event | CCI approves Tata Sons' acquisition of an additional 10% stake in Tata Play. |
| Acquired From | Baytree Investments (Mauritius) Pte Ltd. |
| Date of Approval | March 17, 2025. |
| Purpose | Strengthen Tata Sons' presence in India's digital entertainment and content distribution market. |
| About Tata Play | - Established in 2001, launched services in 2006.- Offers Pay TV and OTT services.- Aggregates platforms like Amazon Prime Video, Apple TV+, Disney+ Hotstar, Zee5 through Tata Play Binge. |
| Tata Sons' Investment | - Plans to invest ₹1,432 crore in Tata Projects' rights issue (₹2,500 crore target).- Tata Motors considering ₹2,000 crore NCDs.- Tata Projects may explore stock market listing. |
| Competition Commission of India | - Formed: October 14, 2003.- Operational: May 2009.- Replaced: MRTP Act, 1969.- Functions: Prevent anti-competitive agreements, regulate dominant positions, control M&A, protect consumers, ensure free trade.- Headquarters: New Delhi.- Parent Ministry: Ministry of Corporate Affairs.- Composition: Chairperson + 6 members (15+ years experience in trade, finance, law; 5-year term). |