Walt Disney Co is holding preliminary discussions with potential buyers for its India streaming and television business including billionaires Gautam Adani and Kalanithi Maran, according to sources.
The US entertainment giant's senior executives have also gauged the interest of private equity funds considering the company is exploring a range of options, which could involve selling part of the Indian operations or a combination of the unit's assets including sports rights and regional streaming service Disney+ Hotstar, the people said, on the condition of anonymity.
Asset-sale talks have already been held with Reliance Industries Bloomberg News reported earlier.
Disney has been weighing strategic options for its business in India including an outright sale or setting up a joint venture, Bloomberg News reported in July after the unit lost its streaming rights to the Indian Premier League cricket tournament to Viacom18 Media.
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Nearly â¹1 trn unspent welfare funds lying in states' accounts
Funds to the tune of â¹1 trillion for centrally sponsored schemes are lying unspent in the single nodal agency (SNA) accounts of states.
Govt plans to raise deposit insurance beyond â¹5 lakh
A proposal to increase deposit insurance is being considered and the finance ministry will notify it once the Cabinet takes a decision, said M Nagaraju, secretary, financial services, Ministry of Finance, on Monday.
â¹1,400 cr. Industrial Push: MP Targets Jobs, Growth & Global Investors
Aims at generating 20 lakh jobs in five years and increase GDP to â¹6 lakh crore by 2030
India delivering 'good returns': FM on FII selloff
Choppy markets, dropping valuations make post-IPO exits via block deals challenging
Govt weighs LPG subsidy for OMCs as losses mount
As cooking gas underrecoveries soar, Centre considers â¹40K cr mid-yr payout
Smallcaps in free fall: More pain ahead?
Meltdown raises concerns of a full-blown capitulation
Trade deficit widens to nearly $23 billion in Jan as exports shrink
India's merchandise trade deficit widened to nearly $23 billion in January, compared with $16.5 billion a year earlier, as the value of exports dropped amid subdued demand for petroleum products and global economic uncertainties.
Embedding Sustainability in Organisational DNA
> K Vijay Vardhan Rao, Senior President Marketing, Maha Cement, highlights the unique steps taken to weave sustainability into the brand fabric
A Case Of Kilos
Global pharma majors are looking to cash in on India's obesity crisis, but weight-loss drugs demand time and money
Reviving manufacturing growth
Ensuring manufacturing growth consistent with our development aims requires the government becoming less entrepreneurial and the corporations becoming much more entrepreneurial
