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    • Support its growth strategy

      • The joint venture, valued at Rs 70,352 crore ($8.5 billion) on a post-money basis, will see RIL injecting Rs 11,500 crore ($1.4 billion) into the venture to support its growth strategy.
      www.moneycontrol.com/news/business/reliance-disney-enter-into-jv-for-entertainment-brands-ril-to-invest-rs-11500-crore-12371871.html

      RIL announces Rs 70,352 crore JV with Disney to merge ...

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  3. www.indiatoday.in › business › storyReliance, Disney sign deal for mega media merger. Story in 5 ...

    Feb 28, 2024 · Reliance said it will invest Rs 11,500 crore (approximately US$1.4 billion) into the joint venture at the time of closing. Disney might also add further media assets to the joint venture, pending approval from regulators and other third parties.

  4. economictimes.indiatimes.com › industry › mediaReliance's Viacom18-Disney merger: Govt approves transfer of ...

    8 hours ago · Reliance Industries has also agreed to invest close to Rs 11,500 crore into the joint venture to give it the muscle to fight rivals like Netflix and Japan's Sony. Nita Ambani, wife of RIL Chairman Mukesh Ambani, will head the joint venture, while Uday Shankar will be its vice-chairperson.

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  6. www.forbesindia.com › article › newsReliance-Disney merger: Nita Ambani made chairperson, RIL to ...

    Feb 28, 2024 · Reliance has agreed to invest about Rs 11,500 crore into the joint venture for its growth strategy. This transaction values the joint venture at Rs 70,352 crore on a...

  7. www.indiatoday.in › business › storyReliance, Disney announce merger, Nita Ambani to head merged ...

    Feb 28, 2024 · Reliance to invest Rs 11,500 crore in the joint venture. Nita Ambani to be the chairperson of the merged entity. Reliance Industries Limited and Walt Disney Company have officially signed a binding agreement to merge their media businesses in India.

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  8. www.deccanherald.com › business › companiesReliance's Viacom18-Disney merger: Government approves ...

    23 hours ago · Reliance Industries has also agreed to invest close to Rs 11,500 crore into the joint venture to give it the muscle to fight rivals like Netflix and Japan's Sony. Nita Ambani, wife of RIL Chairman ...

  9. www.businesstoday.in › latest › corporateIt's official! Reliance signs binding merger with Walt Disney ...

    Feb 28, 2024 · Reliance Industries, Viacom 18 Media, and Walt Disney partner up to create a joint venture merging Star India and Viacom18, with Reliance investing Rs 11,500 crore ($1.4 billion)...

  10. www.cnbctv18.com › business › companiesReliance Industries, Disney announce $8.5 billion media joint ...

    Feb 28, 2024 · Reliance will also invest ₹11,500 crore in the venture to fuel its growth strategy. RIL's own 16.34% stake and a 46.82% stake through its unit, Viacom18, give billionaire Mukesh Ambani-promoted oil-to-retail-to-telecom conglomerate the majority controlling stake at 63.16% in the merged entity.