Mukesh Ambani has made a great plan
The deal worth Rs 70,000 crore between Asia’s richest industrialist Mukesh Ambani’s Reliance Industries and Disney Star India has been completed. With this, a new company will emerge by combining Viacom 18 and Star India. Meanwhile, to breathe new life into Star India, Mukesh Ambani has drawn up a plan worth billions of rupees.
The Reliance-Disney deal took a long time to complete. The Competition Commission of India (CCI) had expressed many concerns regarding this deal. After resolving CCI’s complaints, this deal was finalized this year. However, approval from the National Company Law Tribunal (NCLT) is yet to be received.
Mukesh Ambani’s Rs 11,500 crore plan
The merger agreement that has been made between the three companies. According to this, the value of Star India has been estimated at Rs 26,000 crore. While the value of Viacom 18 is estimated to be Rs 33,000 crore. Post its merger, Reliance Industries will invest Rs 11,500 crore in the newly formed company.
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All Star India and Viacom 18 television channels and streaming platforms will benefit from this investment. Currently, Star India operates 77 television channels. Along with this, it also has an OTT platform called Disney + Hotstar.
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Likewise, Viacom 18 runs around 100 channels in 8 different world languages. Along with this, it has an OTT platform like Jio Cinema. After the merger of both, it will be the largest media and entertainment company in the country.
Who will have how much of a stake in the new company?
Reliance’s stake in the new company formed after the merger will be 56 per cent. While Disney will remain a 37 percent shareholder of Star India. Uday Shankar and James Murdoch’s Bodhi Tree Systems will hold 7 per cent. The president of the new company will be Nita Ambani, while Uday Shankar will be its vice president.
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