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Reliance Industries and Disney India are set to complete their merger of media assets by the end of the third quarter of FY25, according to a regulatory filing by Reliance Industries. This merger has led to a significant rise in the shares of Network18 Media and Investments and TV18 Broadcast, which soared up to over 9% in intraday trade on the NSE. The merger is part of a broader strategy by Reliance Industries, led by billionaire Mukesh Ambani, to expand its media footprint in India.
#RelianceIndustries and #Disney's India business' merger is expected to be complete by end of Q3 FY24.
The merger of media assets of RIL and the India business of global media house Walt Disney is expected to be complete by the end of the third quarter of this fiscal, according to a regulatory filing by billionaire Mukesh Ambani-led group. https://t.co/qGqN8MAafy
#MarketsWithBS | Shares of #Network18 Media and Investments and #TV18Broadcast soared up to over 9% in intraday trade on the #NSE after #RelianceIndustries gave an update on their merger with #DisneyIndia #markets #sharemarket #stockmarket #buzzingstocks https://t.co/TWHgTEBf8f
