Mukesh Ambani-Owned RIL Is Reportedly In Talks For A Stake In Tata Play

Mukesh Ambani-owned Reliance Industries is reportedly in talks for a 29.8% stake in Tata Play from the Walt Disney Company. According to reports, Reliance is eyeing a bigger footprint in India’s television distribution sector with the plan. Tata Sons has a 50.2% stake in the satellite television broadcaster. Apart from Disney, the remaining shares are owned by Temasek, a Singapore-based fund. If the deal goes through, it will be the first time Tata group and Reliance have partnered in a joint venture and may extend Jio Cinema's reach across the Tata Play platform.