Reliance and Disney Complete Groundbreaking Merger to Form Lucrative Indian Media Venture

Mumbai, March - In a significant move, Reliance Industries Limited (RIL) and The Walt Disney Company have successfully completed their strategic media assets merger, giving birth to a formidable Rs 70,352 crore joint venture. This ambitious joint entity is expected to revolutionize the Indian media and entertainment landscape.

As per details, RIL has allocated an investment of Rs 11,500 crore in this colossal venture, while The Walt Disney Company will contribute its assets worth approximately Rs 58,852 crore. As a result, Nita Ambani will assume the role of Chairperson for this new mega entity.

The projected combined revenue of this mega joint venture is expected to be around Rs 26,000 crore.

This substantial merger between Reliance Industries and Disney is intended to amplify their respective strengths in various media sectors. The outcome of this union has led to speculation that it may transform into one of the leading players in the Indian media and entertainment industry.