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Temasek plan to sell stake in Tata Play delayed over firm's valuation

Tata Sons is offering a lower valuation than $1 billion made for Tata Play

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A Temasek spokesperson declined to comment. A Singapore-based source said the fund owned 10 per cent stake in Tata Play and not 20 per cent as reported earlier in a section of the media

Dev Chatterjee Mumbai

2 min read Last Updated : Nov 28 2023 | 10:44 PM IST

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Singapore state investor Temasek’s plan to sell its 10 per cent stake in Tata Play to its joint venture partner Tata Sons is delayed due to a valuation mismatch for the Indian satellite TV broadcaster, said banking sources.

Tata Sons is offering a lower valuation than $1 billion made for Tata Play, said the sources. Tata Sons has delayed listing the company after filing a confidential prospectus with the Securities and Exchange Board of India.

A Temasek spokesperson declined to comment. A Singapore-based source said the fund owned 10 per cent stake in Tata Play and not 20 per cent

Topics : Temasek Temasek Holdings Tata broadcasters Singapore

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