Reliance and Disney likely to merge Indian media assets, with Nita Ambani as chair, and Reliance holding 51-54% stake.
Reliance Industries and Walt Disney are reportedly set to merge their Indian media assets, with Nita Ambani, wife of Indian billionaire Mukesh Ambani, expected to become the chair of the new entity. Reliance is likely to hold a 51-54% stake in the merged entity, while Disney will retain approximately 40% ownership. The deal aims to strengthen Reliance's position in India's $28 billion media and entertainment market and is close to being signed.
February 27, 2024
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