Millionaire Mukesh Ambani-led Reliance Industries has completed the merger of its media assets with the India business of global media house Walt Disney and formed a joint venture with a valuation of over Rs 70,000 crore.
The JV will be one of the largest media and entertainment companies in India with a combined revenue of approximately Rs 26,000 crore and will be led by Nita Ambani as its chairperson, according to a joint statement.
The venture formed after the merger of the media and JioCinema businesses of Viacom18 into Star India "has become effective". It has allotted shares to Viacom18 and RIL as consideration for the assets and cash, respectively.
"The transaction values the JV at Rs 70,352 crore (USD 8.5 billion) on a post-money basis, excluding synergies," it said.
Denne historien er fra November 15, 2024-utgaven av The Business Guardian.
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Denne historien er fra November 15, 2024-utgaven av The Business Guardian.
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Haryana Road Safety Quiz 2024 held across schools and colleges
The All Haryana Road Safety Quiz Competition-2024 was successfully organized in all schools and colleges across the state with the aim of inculcating a culture of road safety among children.
'Only assurances expected under BJP rule': Kumari Selja
The General Secretary of the All India Congress Committee, former Union Minister, and MP from Sirsa, Kumari Selja, said that the BJP government is only misleading farmers by giving assurances.
Chief Minister listens to 116th episode of Prime Minister's 'Mann Ki Baat' in Jind
Haryana Chief Minister Nayab Singh Saini on Sunday listened to the 116th episode of Prime Minister Sh. Narendra Modi's programme 'Mann Ki Baat' at DAV Centenary Public School in Jind district.
ASSEMBLY FUNCTIONING: SPEAKER FORMS COMMITTEES, INCLUDES 76 MLAS
Twelve committees will serve until March 31, 2025, with no time limit for the Privileges Committee, ensuring fair representation for all, including independent MLAs
Raising awareness is key to combating drug abuse: Dr. Arvind Sharma
Haryana Co-operation, Jails, Heritage and Tourism Minister, Dr. Arvind Sharma said that the youth should stay away from drugs.
Dengue spike in Haryana: Panchkula records 1,300 of 5,600 cases
Despite the huge claims of the Health Department, Haryana is witnessing an acute spurt in fresh cases of vector-borne disease (VBD) Dengue.
Supreme Court To ED After It Again Sought Adjournment Of Plea To Transfer Gold Smuggling Case From Kerala: 'Do Not Think You Are Interested'
The Supreme Court in the case Directorate of Enforcement v. Sarith PSand Others observed wherein the petition is filed by Enforcement Directorate, ED seeking transfer of the Kerala Gold Smuggling case to Karnataka.
Delhi High Court Directed RSY News To Take Down Original Videos Of ANI In Copyright Infringement Suit
The Delhi High Court in the case ANI v. RSY News & Anr. observed and has directed RSY News to remove or take down from its YouTube channel the original and copyrighted videos of Asian News International, ANI in the copyright infringement suit filed by the news agency.
Madras High Court Ordered CBI Probe Into Kallakurichi Hooch Tragedy
The Madras High Court in the case IS Inbadurai v The Chief Secretary and Others observed and has directed the Central Bureau of Investigation, CBI to conduct a probe into the Kallakurichi Hooch Tragedy that claimed the lives of around 67 persons after consuming illicit arrack.
Patna High Court Acquitted Rape Accused, Finds Victim's Testimony Unreliable
The Patna High Court in the case Mannu Vs. State of Bihar observed and has acquitted an accused in a rape case, finding the victim's testimony to be unreliable.
