Reliance, Disney Announce JV, RIL to Invest Rs 11,500 Crore
Reliance Industries Limited (RIL), Viacom18, and Disney have signed a binding agreement to form a new joint venture (JV) that will combine the business assets of Viacom18 and Star India. As per the agreement, the media undertaking of Viacom18 will be merged into Star India Private Limited (SIPL). Reliance Industries has agreed to invest Rs 11,500 crore into the JV to fuel its growth. The transaction values the newly formed... Read More