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on August 29, 2024

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Highest return Mutual Funds according to Forbes - That draw the majority of funds in the Market one is favorite of Warren Buffett

Reliance Industries Limited (RIL) and The Walt Disney Company have merged their media assets to create India's largest media empire, valued at over $8.5 billion

Reliance Industries Limited (RIL) and The Walt Disney Company have merged their media assets to create India's largest media empire, valued at over $8.5 billion ¹ ² ³. RIL will hold a majority stake of 63.16% in the combined entity, while Disney will hold 36.84% ¹. The merger brings together two leading OTT streaming platforms, Disney Hotstar and Jio Cinema, and 120 television channels ¹. Nita Ambani, wife of RIL Chairman Mukesh Ambani, will head the joint venture, with Uday Shankar as Vice Chairperson ¹. The deal is expected to create a powerhouse in the entertainment industry, offering unparalleled content at affordable prices ².

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