James Murdoch, the son of media mogul Rupert Murdoch, received an investment of Rs 13,500 crore. The main objective is to get the IPL broadcasting rights. As part of the deal, Bodhi Tree will acquire a 40 per cent stake in Viacom 18, a joint venture between Reliance TV18 and ViacomCBS.
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For more than two decades, the company has been instrumental in shaping media culture in India, Asia and around the world. Mukesh Ambani said that he is happy to step into the streaming arena through his partnership with Bodhi Tree.
Mukesh Ambani is also targeting the sale of shares in Reliance Retail Venture and Reliance Jio. These companies alone are expected to raise Rs 50,000 crore to Rs 75,000 crore through the market. The initial public offering of companies will sharply increase the value of Reliance Industries.
Through the initial public offering of Reliance Jio and Reliance Retail Ventures. The aim is to sell at least 10 per cent of the shares held by the promoters. The announcement of these two IPOs is likely to be made at Reliance Industries’ annual general meeting this year.
Reliance Jio may also be listed on the Nasdaq US platform, the world’s largest market for tech companies.
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