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Disney, Reliance in the final phase of merger
short by Pratham Nagpal / on Monday, 12 February, 2024
Viacom18 is poised to become the largest individual shareholder in the merged entity, potentially holding a stake of 42-45%. The parent company RIL is anticipated to inject up to $1.5 Bn in cash into the newly formed entity. Jio Cinema, which falls under the umbrella of Viacom18, will be included as part of the deal.
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