Mukesh Ambani's Reliance set to acquire over 50% stake in Disney India, says report
10 months, 3 weeks ago

Mukesh Ambani's Reliance set to acquire over 50% stake in Disney India, says report

Hindustan Times  

Reliance Industries Limited, led by billionaire Mukesh Ambani, is set to acquire over 50 percent stake in Disney India in preparation of the mega-merger between the two media entities in a few months, reported Reuters. Ambani's Reliance is expected to pick up around 51-54 percent stake in the company, valuing the US giant's domestic business at $3.5 billion. The deal will strengthen Reliance's hold over India's $28 billion media and entertainment market, especially after a separate $10 billion merger deal between Japan's Sony and India's Zee Entertainment collapsed last week. Meanwhile, the significant dip in the valuation of Disney India is partially because of the fall through of the Zee-Sony merger, which led to Zee Entertainment backing out from a $1.4 billion deal.

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History of this topic

Reliance, Disney finalise $8.5B merger of Indian assets; no clarity if JioCinema, Hotstar will merge into JioHotstar
1 month, 1 week ago

Reliance, Disney finalise $8.5B merger of Indian assets; no clarity if JioCinema, Hotstar will merge into JioHotstar

Hindustan Times  

Reliance Industries and Walt Disney have completed the $8.5 billion merger of their Indian media assets. REUTERS/Dado Ruvic/Illustration//File Photo The Reliance-Disney merger In a joint release shared by the companies, it was mentioned that the newly formed divisions are entertainment, which houses Reliance's Colors TV channels and Disney's Star; digital, home to online streaming platforms JioCinema and Hotstar; and sports. …

Kevin Vaz, Kiran Mani and Sanjog Gupta to head Reliance-Disney JV as CEOs
1 month, 1 week ago

Kevin Vaz, Kiran Mani and Sanjog Gupta to head Reliance-Disney JV as CEOs

Live Mint  

Mukesh Ambani’s Reliance Industries Ltd and The Walt Disney Co. announced on Thursday that they have completed the merger of their media arms. The new joint venture will be spearheaded by three chief executives: Kevin Vaz will head the entertainment organization across platforms; Kiran Mani will take charge of the combined digital organization; and Sanjog Gupta will lead the combined …

Reliance, Disney and Viacom18 form $8.5 bn JV ushering in a new era for Indian entertainment
1 month, 1 week ago

Reliance, Disney and Viacom18 form $8.5 bn JV ushering in a new era for Indian entertainment

Firstpost  

With Reliance and Disney at the helm, the merger of Viacom18 and Star India positions the joint venture as one of India’s largest media entities, setting the stage for unprecedented growth and disruption Mumbai/Burbank, California: Reliance Industries Limited, Viacom 18 Media Private Limited and The Walt Disney Company announced on Thursday that following the approval by the NCLT Mumbai, Competition …

Reliance, Disney complete transaction for $8.5-billion merger deal to create India’s largest media powerhouse
Trending News
1 month, 1 week ago

Reliance, Disney complete transaction for $8.5-billion merger deal to create India’s largest media powerhouse

Live Mint  

Reliance-Disney merger deal: Billionaire Mukesh Ambani-led Reliance Industries Ltd, its step-down unit Viacom18 Media Pvt Ltd, and Walt Disney Company announced the completion of the transaction on Thursday, November 14, to form a joint venture valued at ₹70,532 crore to create India's largest media and entertainment powerhouse. The newly formed divisions are entertainment ---which houses Reliance's Colours television channels and …

Reliance-Disney merger: JioStar website goes live amid JioHotstar domain saga
1 month, 1 week ago

Reliance-Disney merger: JioStar website goes live amid JioHotstar domain saga

Live Mint  

Amid the ongoing JioHotstar domain name saga, a new website called Jiostar has gone live. Earlier, the Delhi-based app developer offered the domain name to either Reliance Industries or Viacom18 for a fee to fund his education at Cambridge University. Reliance-Disney merger The Competition Commission of India and National Company Law Tribunal gave a nod to the merger between Disney …

India approves Disney-Reliance merger deal to create new media giant
3 months, 3 weeks ago

India approves Disney-Reliance merger deal to create new media giant

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy India’s Competition Commission has approved …

Reliance-Disney merger cleared, but what were the key concerns?
3 months, 3 weeks ago

Reliance-Disney merger cleared, but what were the key concerns?

India Today  

The Competition Commission of India has approved the $8.5 billion merger between Walt Disney Co. and Reliance Industries' media assets, following a thorough review of the potential impact on the Indian market. 'Highly concentrated' sports content The CCI highlighted that the sports TV channel market is already "highly concentrated," with most popular sports content, such as cricket, being streamed on …

Reliance, Disney win approval for $8.5 billion India media assets merger
3 months, 3 weeks ago

Reliance, Disney win approval for $8.5 billion India media assets merger

India Today  

Walt Disney Co and Reliance Industries have received approval for their $8.5 billion merger of Indian media assets, subject to certain conditions, according to antitrust watchdog Competition Commission of India on Wednesday. The deal, which had raised concerns over the control of cricket broadcasts, will create India's largest entertainment entity, positioning it against rivals such as Sony, Netflix, and Amazon …

CCI approves Reliance-Disney India $8.5 billion merger
3 months, 3 weeks ago

CCI approves Reliance-Disney India $8.5 billion merger

New Indian Express  

The Competition Commission of India has approved the merger between Reliance Industries Ltd and Disney's Indian media assets, thus paving the way for the creation of a $8.5 billion broadcasting empire that would be the largest in India in terms of reach and financial muscle. The proposed combination envisages combining the entertainment businesses of Viacom18, part of Asia's richest billionaire …

Reliance-Disney merger: CCI raises concern over cricket broadcast rights
4 months ago

Reliance-Disney merger: CCI raises concern over cricket broadcast rights

New Indian Express  

NEW DELHI: The Competition Commission of India is said to have raised preliminary concerns that the $8.5 billion merger of Reliance and Walt Disney media assets might harm competition due to their power over cricket broadcast rights. The report stated that rights worth billions of dollars for the broadcast of cricket would be vested with the merged entity, which could …

CCI Warns Disney-Reliance Media Merger Could Harm Competition: Report
4 months ago

CCI Warns Disney-Reliance Media Merger Could Harm Competition: Report

ABP News  

The Competition Commission of India has conducted an initial assessment and found that the $8.5 billion merger of Reliance and Walt Disney’s media assets could potentially harm competition due to their combined influence over cricket broadcast rights, according to a report by Reuters citing sources. The proposed merger, which would see Asia's richest man Mukesh Ambani’s Reliance emerge as the …

Disney and Reliance may shut down some Hindi and regional channels to get CCI approval for merger
4 months ago

Disney and Reliance may shut down some Hindi and regional channels to get CCI approval for merger

Hindustan Times  

Walt Disney and Reliance Industries Ltd are planning to shut down some Hindi as well as regional channels including those in Kannada, Marathi, and Bangla of Star India and Viacom18, the Economic Times reported, adding that this move is to get approval from the Competition Commission of India for their merger, which was proposed in February this year. Disney and …

Reliance Industries seeks CCI approval for Viacom18-Star India merger
6 months, 4 weeks ago

Reliance Industries seeks CCI approval for Viacom18-Star India merger

The Hindu  

Billionaire Mukesh Ambani-promoted Reliance Industries has sought approval from fair trade regulator Competition Commission of India for the $8.5-billion merger of Viacom18 and Star India Pvt Ltd. "The proposed transaction aims to combine the entertainment businesses of Viacom18, part of Reliance Industries Ltd group and SIPL, wholly-owned by The Walt Disney Company. "As a result of the transaction, SIPL, currently …

Disney to Sell Stake in India's Tata Play: Report
7 months ago

Disney to Sell Stake in India's Tata Play: Report

Deccan Chronicle  

New Delhi: The Walt Disney Company has struck a deal to sell its minority stake in an Indian subscription television service to local conglomerate and majority shareholder Tata Group, a report said Thursday. Tata Group took full control of the platform after buying the 29.8 percent stake from Disney, the report said Tata Play provides pay television via set-top boxes …

RIL buys 13.01 per cent in Viacom18 for Rs 4,286 crore
9 months, 1 week ago

RIL buys 13.01 per cent in Viacom18 for Rs 4,286 crore

New Indian Express  

NEW DELHI: Reliance Industries Limited signed an agreement on Thursday to acquire a 13.01% equity stake in Viacom18 Media Private Limited for a consideration of Rs 4,286 crore. “A binding agreement has been entered between Reliance and two subsidiaries of Paramount Global to acquire a 13.01% equity stake in Viacom 18 Media held by Paramount Global via two subsidiaries for …

Reliance to buy Paramount's 13% stake in Viacom18 for ₹4,286 crore
9 months, 1 week ago

Reliance to buy Paramount's 13% stake in Viacom18 for ₹4,286 crore

Hindustan Times  

US film and television giant Paramount Global announced Wednesday it would sell its stake in Indian media venture Viacom18 to another Indian entertainment firm, Reliance. The $517 million deal would transfer Paramount's entire 13 percent stake to Reliance, according to filings with the Securities and Exchange Commission, a US regulator. Viacom18 is a subsidiary of TV18, owned by Reliance, which …

Reliance-Disney merger may face CCI scrutiny over dominance fears, say experts
9 months, 3 weeks ago

Reliance-Disney merger may face CCI scrutiny over dominance fears, say experts

Hindustan Times  

Mukesh Ambani-led Reliance Industries and Walt Disney India's merger could attract antitrust scrutiny, experts have predicted. Disney and Reliance have finalised their multi-billion dollar merger Lawyers have flagged concerns that the combined entity's strong portfolio of cricket broadcast rights could impact advertisers. K.K Sharma, a former head of mergers at CCI, said the combined Disney-Reliance combo will raise eyebrows among …

Technology and cricket are big wins for billionaire Ambani in Disney tie-up
9 months, 3 weeks ago

Technology and cricket are big wins for billionaire Ambani in Disney tie-up

The Hindu  

A Disney-Reliance assets merger in India will create a media giant far bigger than all its rivals, boosting billionaire Mukesh Ambani's entertainment ambitions with streaming tech prowess and lucrative cricket rights. The two companies have spent billions of dollars to purchase broadcast rights for many top tournaments including the world-famous Indian Premier League and International Cricket Council's India tournaments. As …

Reliance-Disney Rs 70,000 Crore Deal Reshapes Indian Media, Top Points To Know
9 months, 3 weeks ago

Reliance-Disney Rs 70,000 Crore Deal Reshapes Indian Media, Top Points To Know

News 18  

Reliance Industries and Walt Disney on Wednesday announced a merger of their India media operations, creating a Rs 70,000 crore entertainment giant. Utkarsh Sinha, MD, Bexley Advisors, a boutique investment bank firm, told Moneycontrol that the current consolidation in India’s media landscape presents a potent opportunity since the consumer wallet is stretched thin among multiple options. Top Things To Know …

Walt Disney, Reliance To Merge Media Operations In India
9 months, 3 weeks ago

Walt Disney, Reliance To Merge Media Operations In India

ABP News  

Reliance Industries Limited and The Walt Disney Company on have officially announced a landmark collaboration set to reshape India's media landscape. According to the joint statement released, Walt Disney and Reliance Industries have reached an accord to merge their media ventures within the Indian market. The competitive dynamics between Reliance and Disney were underscored in 2022 when Reliance secured exclusive …

Nita Ambani to chair Reliance-Disney merged entity: Reports
9 months, 3 weeks ago

Nita Ambani to chair Reliance-Disney merged entity: Reports

Hindustan Times  

Nita Ambani, founder and chairperson of Reliance Foundation, is likely to head the entity formed upon the merger of Viacom 18 and Sony India, the media assets in the country of Reliance Industries Limited and the US-based Walt Disney Company, respectively, according to reports. Nita Ambani is the chairperson and founder of Reliance Foundation which is the philanthropic arm of …

Reliance, Disney announce merger, Nita Ambani to head merged entity
9 months, 3 weeks ago

Reliance, Disney announce merger, Nita Ambani to head merged entity

India Today  

Reliance Industries Limited and Walt Disney Company have officially signed a binding agreement to merge their media businesses in India. Reliance went on to say that as part of the pact, the media undertaking of Viacom18 will be merged into Star India Private Limited through a court-approved scheme of arrangement. Simply put, the joint venture will bring together the operations …

Disney merges India media business with Reliance venture in $8.5-billion deal
9 months, 3 weeks ago

Disney merges India media business with Reliance venture in $8.5-billion deal

LA Times  

The Walt Disney Co. logo appears on a screen above the floor of the New York Stock Exchange. After weathering significant streaming losses, Walt Disney Co. is combining its India business with a venture owned by top local conglomerate Reliance Industries. “India is the world’s most populous market, and we are excited for the opportunities that this joint venture will …

Nita Ambani likely to be chair of Reliance-Disney's merged media business: Report
9 months, 3 weeks ago

Nita Ambani likely to be chair of Reliance-Disney's merged media business: Report

India Today  

Nita Ambani, founder and chair of Reliance Foundation and wife of billionaire Mukesh Ambani, is likely to become the chairperson of the board when Reliance Industries Limited and Walt Disney merge their media businesses in India, reported news agency Reuters. Nita Ambani's expected role as chairperson comes after her resignation from the board of Reliance Industries last year. If the …

'Unable to comment': Reliance on signing bind pact for merger deal with Disney
9 months, 3 weeks ago

'Unable to comment': Reliance on signing bind pact for merger deal with Disney

India Today  

Reliance Industries Limited has refrained from commenting on reports of a possible merger with Disney, citing an inability to address speculation. The potential deal would see Reliance's media division, led by Mukesh Ambani, holding a majority stake of at least 61 per cent in the combined entity, with Disney retaining the remaining shares. As part of the merger, Reliance's media …

Disney, Reliance sign binding pact for India media merger: Report
9 months, 4 weeks ago

Disney, Reliance sign binding pact for India media merger: Report

India Today  

Walt Disney Co. and Reliance Industries Ltd. have inked a binding agreement to merge their media operations in India, reported Bloomberg News quoting people familiar with the development. The media unit of Reliance and its affiliates are expected to own at least 61 per cent of the merged entity, with Disney holding the rest, added the people quoted in the …

Disney, Reliance sign binding merger pact: Report
9 months, 4 weeks ago

Disney, Reliance sign binding merger pact: Report

Hindustan Times  

Walt Disney Co. and Reliance Industries Ltd. have signed a binding pact to merge their media operations in India, according to people familiar with the matter, as the US entertainment giant recasts its strategy amid intense competition in the world’s most-populous country. Disney owns a minority stake in broadcast service provider, Tata Play Ltd., which Reliance may consider acquiring, according …

Mukesh Ambani's Reliance in talks to buy Tata Play's 30% stake from Walt Disney: Report
10 months, 1 week ago

Mukesh Ambani's Reliance in talks to buy Tata Play's 30% stake from Walt Disney: Report

Hindustan Times  

Just a few weeks ahead of the finalisation of its mega-merger, Mukesh Ambani-led Reliance Industries is in talks to buy around 30 percent stake in Tata Play, formerly Tata Sky, from its merger partner Walt Disney, reported Business Standard newspaper. Reliance Industries Chairman and MD Mukesh Ambani Reliance Industries has shown interest in buying around 29.8 percent stake in Tata …

Reliance Industries in talks to buy Tata Play stake from Disney
10 months, 1 week ago

Reliance Industries in talks to buy Tata Play stake from Disney

The Hindu  

Indian oil-to-telecom conglomerate Reliance Industries is in talks to buy a 29.8% stake in subscription-based satellite TV and video streaming service provider Tata Play from Walt Disney, Business Standard reported, citing sources close to the development. If the negotiations are successful, it would be the first collaboration between the Tata group and billionaire Mukesh Ambani's conglomerate, allowing Reliance to offer …

Reliance-Disney merger talks in final stage ahead of Feb 17 deadline: Report
10 months, 1 week ago

Reliance-Disney merger talks in final stage ahead of Feb 17 deadline: Report

Hindustan Times  

Mukesh Ambani-led Reliance Industries Limited is inching closer to acquiring Walt Disney Co, as the two sides are in the final stage of negotiations to finalise their mega stock-and-cash merger to create what will be India's largest business and entertainment entity, The Economic Times has reported. As per the report, February 17 is the exclusivity period deadline to conclude the …

The Disney Star sale comes with a deep discount tag
10 months, 3 weeks ago

The Disney Star sale comes with a deep discount tag

Live Mint  

Mumbai: Mukesh Ambani-led Reliance Industries Ltd has agreed to buy 60% in Disney Star’s linear TV and digital businesses in India for $2.28-2.4 billion in a transaction valuing them at $3.8-4 billion, two people aware of the development said. The transaction will not include Disney Star’s 30% stake in direct-to-home company Tata Play, consumer products business, and visual effects studio …

Disney Star may lose $2 billion after Reliance deal amid Zee-Sony breakup: Report
11 months ago

Disney Star may lose $2 billion after Reliance deal amid Zee-Sony breakup: Report

Hindustan Times  

With the cancellation of ZEEL and Sony merger, the Disney Star deal with Reliance could potentially take a hit of around $2 billion, owing to a loss of valuation, reported The Economic Times citing sources. ZEEL said in its contract that it will only honour the ICC television deal with Disney Star if its merger with Sony goes through, reported …

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%
11 months, 1 week ago

Mukesh Ambani rejoins $100 billion club as Reliance stock surges record 2.6%

Live Mint  

Mukesh Ambani is once again a centibillionaire. The richest person in India — and in Asia — saw his wealth climb $2.8 billion to $101.8 billion Thursday, as shares of his flagship, Reliance Industries Ltd., rose 2.6% to close at a record high. The listing last year of Reliance’s financial services unit, Jio Financial Services Ltd., helped to broaden the …

Zee shares plunge 14% as Sony plans to call off proposed merger
11 months, 2 weeks ago

Zee shares plunge 14% as Sony plans to call off proposed merger

Hindustan Times  

Shares of Zee Entertainment Enterprises Ltd. tumbled as much as 13.6% on Tuesday after Bloomberg News reported that Sony Group Corp. is planning to call off a merger with its India unit. Sony is looking to cancel the merger plans amid a standoff over whether Zee’s Chief Executive Officer Punit Goenka would lead the merged entity. “We don’t foresee Sony …

Sony planning to scrap merger of India unit with Zee Entertainment
11 months, 2 weeks ago

Sony planning to scrap merger of India unit with Zee Entertainment

Hindustan Times  

Sony is planning to scrap the merger of its Indian unit with Zee Entertainment, more than two years after the deal was announced, Bloomberg reported. Sony is planning to scrap the merger of its Indian unit with Zee Entertainment, more than two years after the deal was announced According to the report, the Japanese conglomerate is planning to call off …

Reliance's Jio Cinema may soon merge with Disney+ Hotstar: Here's what the OTT can offer
11 months, 3 weeks ago

Reliance's Jio Cinema may soon merge with Disney+ Hotstar: Here's what the OTT can offer

Hindustan Times  

In a major move that can change entertainment and OTT viewing in India, Mukesh Ambani's Reliance has signed a non-binding agreement with Walt Disney Co, taking the companies one step closer to the mega-merger between RIL and Disney Star. Jio Cinema and Hotstar are direct rivals, but their potential merger could be a game-changer in India's OTT industry. Jio Cinema …

Reliance signs non-binding pact with Walt Disney for merger of India business: Media report
11 months, 4 weeks ago

Reliance signs non-binding pact with Walt Disney for merger of India business: Media report

The Hindu  

The 51:49 cash and stock deal in favour of Reliance Industries was signed in London last week, according to the media report. If completed, this would be the biggest merger deal in the media & entertainment sector, creating one of the largest entities having over 100 channels and two leading OTT platforms. The merged entity would compete with leading media …

Mukesh Ambani's Reliance-Disney Star sign new deal, mega-merger to be finalised by February 2024
11 months, 4 weeks ago

Mukesh Ambani's Reliance-Disney Star sign new deal, mega-merger to be finalised by February 2024

Hindustan Times  

In a major step towards dominating the entertainment space in the country, Reliance Industries Ltd and Walt Disney Co. signed a non-binding agreement in London last week, taking the two companies one step forward to their mega-merger, reported The Economic Times. The two parties have been negotiating the deal for months, and the non-binding agreement was signed in London in …

Reliance, Disney sign deal for mega merger of media companies: Report
11 months, 4 weeks ago

Reliance, Disney sign deal for mega merger of media companies: Report

India Today  

Reliance Industries and Walt Disney are set to merge their Indian media operations, according to a report. The merger would see Reliance possessing 51 per cent ownership via shares and cash, and Disney holding the remaining 49 per cent, a report by Economic Times stated. The merger has the potential to create one of India's largest entertainment empires, competing with …

Disney ‘would like to stay’ in India despite Hotstar losses: CEO Bob Iger
1 year, 1 month ago

Disney ‘would like to stay’ in India despite Hotstar losses: CEO Bob Iger

Hindustan Times  

Disney aims to remain in Indian market, despite challenges faced by Hotstar, its streaming service. Disney's Chief Executive Officer Bob Iger Chief executive Bob Iger said on Wednesday that Disney "would like to stay" in India and is actively exploring options, Mint reported. A glimmer of hope for Disney lies in the expectation of a surge in Hotstar's subscriber count …

Reliance set to acquire Disney's Indian operations in multi-billion dollar deal
1 year, 2 months ago

Reliance set to acquire Disney's Indian operations in multi-billion dollar deal

India TV News  

Reliance Industries Ltd., led by Mukesh Ambani, is reportedly on the verge of finalizing a multi-billion dollar deal with Walt Disney Co. to acquire Disney's India operations. Multi-year agreement of Reliance with HBO shows Reliance also secured a multi-year agreement to broadcast HBO shows from Warner Bros Discovery Inc. in India, previously under Disney's purview. Nevertheless, Disney's India streaming platform …

DC Edit | Ambani's succession plan an exemplar
1 year, 3 months ago

DC Edit | Ambani's succession plan an exemplar

Deccan Chronicle  

Throughout history, endeavours to partition shared wealth has always been tricky, dividing families and estranging siblings, leaving a trail of bitterness and loss of focus, lost opportunities and decay and decline of enterprises. One of the classic examples was the feud between the Ambani brothers — Mukesh and Anil — in 2004 over Rs 94.968 crores worth of shared business …

Ambani Scions Made Reliance Board Members
1 year, 3 months ago

Ambani Scions Made Reliance Board Members

Deccan Chronicle  

The Reliance Industries Limited held its 46th Annual General Meeting for its shareholders on Monday. Changes in Reliance Board Nita Ambani stepped down from the Board of Directors of Reliance Industries Limited, making way for children Isha, Akash and Anant to become the non-executive directors on the RIL Board. Key Takeaways Jio Financial Services was mini bonus for long-term RIL …

Mukesh Ambani’s Reliance Industries Limited may sell 8-10% stake in RRVL: Report
1 year, 3 months ago

Mukesh Ambani’s Reliance Industries Limited may sell 8-10% stake in RRVL: Report

Live Mint  

Ahead of the proposed IPO of Reliance Retail Ventures Ltd, Mukesh Ambani's RIIL is planning to sell an additional 8-10% stake in RRVL, reported Economic Times citing inputs from industry experts. On Thursday, Qatar Investment Authority announced an investment of ₹8,278 crores into Ambani's Reliance Retail Ventures Limited, a subsidiary of Reliance Industries Limited. Isha Mukesh Ambani, director, Reliance Retail …

Mukesh Ambani’s consumer empire gets a cricket spin
2 years, 6 months ago

Mukesh Ambani’s consumer empire gets a cricket spin

Live Mint  

After solidifying his control of a $2 telecom carriage business, the world’s seventh-richest man is seeking his next fortune in a $1 content-streaming enterprise. Actually, the spoils from the digital rights for Indian Premier League cricket, snagged by billionaire Mukesh Ambani’s Viacom18 by dethroning Walt Disney & Co. for the next five years, aren’t even at the $1 mark yet. …

India's two richest men prep for war with Netflix, Amazon
2 years, 7 months ago

India's two richest men prep for war with Netflix, Amazon

Hindustan Times  

Asia’s two richest men -- Gautam Adani and Mukesh Ambani -- are doubling down on India’s media sector, intensifying competition in an arena where Netflix Inc. and Amazon.com Inc. are also vying for more than a billion viewers. Viacom18 Media Pvt., Ambani’s local joint venture with Paramount Global, is set to receive 135 billion rupees in a funding round led …

Mukesh Ambani's RIL closing in on deal to buy Future Group's retail business
4 years, 4 months ago

Mukesh Ambani's RIL closing in on deal to buy Future Group's retail business

India Today  

Mukesh Ambani’s Reliance Industries Limited is closing in on a deal to buy Kishore Biyani-owned Future Group’s retail business. According to a report published in livemint.com, RIL is likely to buy Future Group’s retail assets for a sum ranging from Rs 24,000-27,000 crore. It may be noted that as part of the deal, fashion and grocery retail formats of Future …

Can Mukesh Ambani take on Tencent, Huawei and Xiaomi?
4 years, 5 months ago

Can Mukesh Ambani take on Tencent, Huawei and Xiaomi?

Live Mint  

With the $28 billion he’s raised working from home, India’s richest man wants to step into the breach created by the technology cold war between America and China. Ambani’s four-year-old Jio Platforms Ltd. has indigenously built its own 5G technology, the tycoon announced at Wednesday’s annual general meeting of his flagship Reliance Industries Ltd. After testing it on the 400 …

After $20 billion Jio frenzy, Mukesh Ambani seeks money for retail
4 years, 5 months ago

After $20 billion Jio frenzy, Mukesh Ambani seeks money for retail

Live Mint  

After raising more than $20 billion for his digital venture in three months, billionaire Mukesh Ambani is readying his retail unit for global partners, as his oil-to-petrochemicals conglomerate turns to India’s billion-plus consumers for growth. Asia’s richest man and the chairman of Reliance Industries Ltd. told shareholders Wednesday that Reliance Retail Ltd. is getting inquiries from investors and may start …

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