156 Year Old TATA Group and 67 Year old Reliance Industries Ltd may enter into a joint venture

 

·       The biggest (~20 Lakh Crore) company in India, Reliance Industries Ltd. is in talks to buy 29.8% stake in TATA Play (formerly TATA Sky), a satellite television broadcaster.

 

·       Currently, TATA Play's ownership structure currently stands as 

 

Ø TATA Sons - 50.20%

Ø Disney Co. - 29.80%

Ø Temasek - 20%

 

·       Disney wants to divest its 29.80% stake in the TATA Play.

 

·       Reliance Industries Ltd. is in talks to acquire the 29.80% stake from Disney.

 

·       If the deal goes through, it will be the 1st time in India's corporate history, the Reliance Industries Ltd. and TATA Group will enter into a joint venture.

 

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