Mukesh Ambani's Reliance Industries is in talks to acquire a significant stake in Tata Play, a move that could mark the first collaboration between the Tata Group and Reliance. This potential joint venture aims to expand Reliance's presence in India's television distribution sector.
With Reliance eyeing a 29.8% stake in Tata Play from Walt Disney Company, the deal could also involve Temasek's intention to sell its 20% stake. If finalized, this partnership could extend JioCinema's reach across Tata Play's platform, potentially creating India's largest media and entertainment business.