Mukesh Ambani’s Reliance Makes a Historic Rs 4286 Crore Purchase, Now Owns Majority Stake in Viacom18
In a landmark move that solidifies its position in the media and entertainment industry, Mukesh Ambani-led Reliance Industries Limited (RIL) has announced the acquisition of a significant stake in Viacom18, a leading media conglomerate in India. The deal, valued at a staggering Rs 4286 crore, marks yet another strategic investment by India’s most valuable company, further expanding its foothold in the rapidly evolving media landscape.
Reliance Industries, under the visionary leadership of Mukesh Ambani, has consistently demonstrated a commitment to diversification and innovation across various sectors. This latest acquisition underscores the company’s strategic intent to capitalize on emerging opportunities in the media and entertainment domain.