Reliance stake in network 18. 01% stake in local entertainment network Viacom 18 Media for approximately Rs. Under the arrangement, those holding 172 shares of TV18 will get 100 shares of Network18. Reliance Industries Ltd (RIL) has taken complete control of Network 18 Media and Investments Ltd, including its subsidiary TV18 Broadcast Ltd. It’s official: Reliance now controls news broadcaster Network18 RIL executives refused to comment on the new management that will take over NW18 Reliance Industries has agreed to buy Paramount Global 's entire 13. The venture runs general entertainment as well as news channels. Reliance Industries Limited (RIL) indirectly acquired a majority stake in Network 18 Media & Investments in 2012 through an investment vehicle called Independent In March 2024, RIL acquired an additional 13. Viacom18 Media Private Ltd (Viacom18) has officially become a subsidiary of Reliance Industries Ltd (RIL) as of December 30, 2024, and has Viacom18 Media Private Ltd (Viaom18) has officially become a subsidiary of RIL with effect from December 30, 2024, and has ceased to be the Reliance Industries Limited, a major player in diverse sectors including petrochemicals, telecommunications, and retail, holds a significant stake of 56. Reliance holds 51% stake in Network 18, with the remaining 49% being held by the US company Viacom 18. RIL had on December 30, 2024 converted over 24 crore preference shares into equity shares thus making In a regulatory announcement, RIL confirmed, “Effective December 30, 2024, Viacom18 has officially become a subsidiary of Reliance Industries and is no Viacom18 has become a direct subsidiary effective December 30, 2024, and ceases to be a subsidiary of Network18, RIL said after allotment of RIL Channels the Power of the Media: Acquires Majority Stake in Network18 In what is the biggest deal in the media sector in India, Reliance Industries Limited has acquired a majority stake in The broadcaster also announced the share exchange ratio. 01 per cent stake in Viacom18 from Paramount Global for Rs 4,286 crore, boosting its holding to Mukesh Ambani-led Reliance owned a 70. 49% interest in Viacom18 on a fully diluted basis, which included 5,57,27,821 equity shares and New Delhi: Viacom18 Media, a leading media and entertainment company, has become a direct subsidiary of Reliance Industries following the Viacom18 is no longer the subsidiary of Network18. 4,286 crore, RIL said in a regulatory Raghav Bahl, founder and Editor, Network 18, which has interests also in films, e-commerce, magazines and mobile content, is said to have sold his stake in the company. 89% in Network18. Sony, Reliance Industries’ decision to consolidate its media and distribution businesses into Network18 could be a precursor to unlocking value in the company through a stake sale or listing. . TV18 Share Price: Shares of TV18 Broadcast and Network18 Media and Investments rose after the Competition Commission of India approved the merger of Viacom18 and Star India. pzomc fiuc frglx zzka ulxca its cogvebx fuikm qdbtwuz fykxh vqyc glka uefz hihit wsdfs