James Murdoch and Uday Shankar invest Rs 13,500 crore in Viacom18 | Media
Shankar and Murdoch will be the major shareholders alongside Reliance and Paramount Global
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Shankar and Murdoch will be the major shareholders alongside Reliance and Paramount Global
Reliance and Viacom18 have partnered with Bodhi Tree Systems to float an entity with stakes in TV and streaming.
The transaction is expected to close within six months and is subject to closing conditions and requisite approvals.
Get latest articles and stories on India at LatestLY. Bodhi Tree Systems, an investment venture of James Murdoch's Lupa Systems and Uday Shankar, ex-Chairman of Star and Disney India, will invest Rs 13,500 crore in broadcaster Viacom18 as part of a tripartite partnership with billionaire Mukesh Ambani's Reliance, to form one of the largest TV and digital streaming firms in India. India News | Venture Firm Bodhi Tree Systems to Invest Rs 13,500 Cr in Viacom18.
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