Ratan Tata, one of the most popular business and philanthropic leaders of India has acquired a stake in the Pritish Nandy Communication (PNC), according to the company’s report. However, the stake deal has not been disclosed by the industrialist. This move indeed has elevated the company’s shares by 9.81 percent higher at Rs.23.50 on the BSE in the noon trade on Monday.

Commenting on the stake in line with the Securities Board of India’s (Sebi) listing obligations, PNC states, "Mr Ratan Tata, Chairman Emeritus of Tata Sons and Chairman of Tata Trusts, has, in his personal capacity, acquired a stake in Pritish Nandy Communications Ltd through market purchases last week. Mr Tata invests in start-ups and technology companies.”

Lately, the PNC has been in news for its show ‘Four More Shots Please!’ on the OTT platform of Amazon Prime Video garnered international acclaim. It also won an Emmy nomination and was judged Asia’s Best Rising Star Award in the Busan International Film festival.

Furthermore, PNC states, "The filming of the popular series, declared last year as Amazon's most watched show out of India, got postponed because of restrictions induced by the pandemic and will now start under strict security protocols."

Tata has invested in many startups and technology companies in the past, including Ola, Paytm, Snapdeal, CureFit, Urban Ladder, Lenskart, and Lybrate. Last year, he had picked up a stake in 'Generic Aadhar', a unique pharmacy retail chain promoted by an 18-year old boy, Arjun Deshpande, from Mumbai.