Reliance may acquire 30% stake in Tata Play from Disney
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Reliance Industries (RIL) is said to be in talks to acquire a 29.8% stake in Tata Play, a satellite TV and streaming service. The stake is currently owned by Walt Disney. The acquisition will expand RIL's presence in the television distribution sector, potentially creating a media powerhouse in India. Tata Sons, the holding company of Tata Group, currently owns a majority stake of 50.2% in Tata Play.