Reliance Industries to buy 13% stake in Viacom 18 Media for Rs 4286 crore
New Delhi: Reliance Industries has signed an agreement to acquire 13.01 per cent equity stake of Viacom18 Media Pvt Ltd (Viacom18) held by Paramount Global through its two subsidiaries for Rs 4,286 crore. Viacom18 is a content subsidiary of TV18 Broadcast Limited. Reliance Industries currently holds compulsorily convertible preference shares of Viacom18 representing 57.48 per … Read more