The statement said Disney will hold 36.8 percent, Reliance will hold a 16.3 percent stake, and Viacom18 another 46.8 percent. "This is a landmark agreement that heralds a new era in the Indian entertainment industry," Ambani said. His wife, Nita Ambani, will serve as its chairperson.
Disney and India’s Reliance to merge
The merger will create a powerful entertainment giant.
Reliance posts Q1 profit rise
It posted better-than-expected profit increase to US$2.35bn.Reliance Q2 net profit at $1.65bn
RIL's core oil-refining business hit overall profits.
TA’ZIZ, Reliance ink pact
TA’ZIZ taps Indian conglomerate for Ruwais project.
Aramco plans $20m stock swap with Reliance Industries
Saudi Aramco chairman Yasir Al-Rumayyan was inducted into the RIL board in June in the run-up to this deal.
