Bodhi Tree Systems, a speculation organization established by Rupert Murdoch's child James and previous Disney India boss Uday Shankar, has reported an interest in Reliance Industries' communicating business Viacom18. Bodhi Tree Systems on Wednesday said it will contribute $1.8 billion (about Rs 13,500 crore) in Viacom 18.
Simultaneously, Mukesh Ambani, administrator of Reliance Industries, has said that the organization will help in making an edge in the streaming business sector. Allow us to let you know that Reliance holds 51% stake in Viacom 18 and the rest is with ViacomCBS, which has as of late changed its name to Paramount Global. Viacom 18 runs a streaming stage named Voot as well as works TV channels like Nickelodeon and Comedy Central.
It isn't yet known the way that Viacom 18's administration design will be organized post the proposed venture. Be that as it may, Paramount Global is supposed to hold its stake and keep on providing worldwide substance.
Reliance made history
Prior, Reliance Industries Limited on Wednesday turned into the first organization in Quite a while to contact the market valuation of Rs 19 lakh crore. The organization's market valuation had arrived at Rs 19,12,814 crore in the first part of the day exchange on BSE on Wednesday.
Prior in March, the organization's market valuation crossed Rs 18 lakh crore, while on October 13 last year, the organization's market valuation crossed Rs 17 lakh crore.
