Reliance Industries is in talks to acquire a 29.8% stake in Tata Play from Walt Disney, aiming to bolster its presence in India's TV distribution sector and expand JioCinema's reach.
Tata Sons holds a majority 50.2% stake in Tata Play. The potential acquisition by Reliance would mark the first team-up between the Tatas and Ambanis.
The move could also help Tata Play compete with streaming platforms like Netflix, Hotstar, JioCinema, and Amazon Prime.