Tata Group and the Singaporean state investor are in the final stages of discussions around the interest of about 20 per cent in Tata Play Ltd, Bloomberg reported on Thursday.
Tata Group is in advanced discussions with Temasek Holdings to repurchase a stake in Tata Play at a valuation exceeding $1 billion. The Indian conglomerate aims to strengthen its control over the entertainment content distribution platform by potentially acquiring a stake held by its private equity fund Tata Opportunities Fund.
Discussions are ongoing and there’s no certainty that Temasek and Tata Play will proceed with a deal, the people said. A Tata Group representative didn’t offer any immediate comment, while a Temasek spokesperson declined to comment.
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