Tata Sons has increased its stake in Tata Play to 70 per cent by buying a 10 per cent stake from Singapore state investment firm Temasek for about $100 million (close to Rs 835 Cr), The Economic Times reported on Tuesday.
Means Initial Public offer as TATA Play had the majority stake now . When the company goes to the public for funds and not depend on Private Equity (PE) investors who can also sell their shares .
Means Initial Public offer as TATA Play had the majority stake now . When the company goes to the public for funds and not depend on Private Equity (PE) investors who can also sell their shares .
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