Reliance Industries: Billionaire Mukesh Ambani-owned Viacom 18 Media and The Walt Disney Company have signed binding definitive agreements to form a joint venture (JV) that will combine the businesses of Viacom 18 and Star India. Reliance has agreed to invest Rs 11,500 crore in the JV for its growth strategy. The transaction values the JV at Rs 70,352 crore ($8.5 billion) on a post-money basis, excluding synergies. After completion of this deal, Reliance…
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Reliance, PB Fintech, UPL, Coal India, NTPC, Oil India, JSW Steel and others in news
