FEBRUARY 20258TATA SONS LOOKS TO CCI FOR APPROVAL OF STAKE ACQUISITION IN TATA PLAYJAMNAGAR SET TO HOUSE INDIA'S LARGEST DATA CENTERTata Sons, promoter of Tata Group, has sought approval from fair trade regulator CCI for acquiring an additional 10 percent stake in DTH operator Tata Play from Singapore's sovereign wealth fund Temasek Holdings. Currently, Tata Sons owns a 60 per cent stake in Ambani-owned Reliance Industries is planning to build the world's largest data center in India, according to a report by Bloomberg News. The ambitious project will be located in Jamnagar, Gujarat, marking another step in Reliance's push to fray into the artificial intelligence (AI) landscape in India.Ambani is said to be purchasing AI semiconductors from NVIDIA, one of the leading global companies in AI technology.TOP STORIESIn October 2024, Reliance and Nvidia announced a joint attempt to building AI infrastructure in India during a chat session at the Nvidia AI Summit 2024.The US company said it will supply its Blackwell AI processors for a one-gigawatt data centre Reliance is building. However, lates developments are yet to be known."It makes complete sense that India should manufacture its own AI. You should not export data to import intelligence. India should not export flour to import bread," said Jensen Huang while in conversation with the Reliance Chairperson during the summit."We can use intelligence to actually bring prosperity to all the people and bring equality to the world. Apart from the US and China, India has the best digital connectivity infrastructure," Ambani had said while speaking on the large intelligence capacity of the Indian market.In September last year, Reliance Industries and NVIDIA announced a partnership to develop AI supercomputers in India and create large language models (LLMs) trained on the country's diverse languages. Later in the year, NVIDIA entered into a similar collaboration with the Tata Group, signalling its commitment to supporting India's AI ambitions. Tata Play. After the completion of the deal, Tata Sons will have a 70 percent holding in the entertainment content distribution platform.Tata Sons Pvt Ltd is an investment holding company, which is registered as a core investment company with the Reserve Bank of India and classified as a "Systemically Important Non-Deposit Taking Core Investment Company"."The proposed transaction relates to Tata Sons' acquisition of 10 per cent shareholding in Tata Play from Baytree Investments (Mauritius) Pte Ltd," said a notice filed with the Competition Commission of India (CCI) on Thursday.Tata Play, (formerly Tata Sky), is one of India's leading content distribution platforms providing Pay TV and Over-the-top (OTT) services through Tata Play Binge, an OTT platform.In its submission to the CCI for the assessment of the proposed transaction, the parties (Tata Sons and Tata Play) asserted that the transaction will not adversely affect competition in any plausible relevant markets.Accordingly, the definition of the relevant market may remain open, the CCI may assess the transaction in the context of wired broadband internet services in India and the complementary link between internet access provided by Tata Sons through its affiliates and web-based services like Tata Play Binge, it added.
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