Recently, the brokerage house had given a target of up to ₹ 3500 for Reliance shares and cited the company’s expansion as the main reason behind this. It has been claimed that Reliance will enter the new energy industry and will also emerge as the largest company in the media sector.
This has been sealed in the new merger of Reliance Industries under which Disney is being made a part of Reliance Industries.
The Competition Commission of India (CCI) has approved the merger of the media units of Reliance Industries and Walt Disney Company. Under this merger, Reliance’s Viacom 18 Media Private Limited and Disney’s Star India Private Limited (SIPL) will together form the country’s largest media company.
Reliance Disney Deal:
Merger announcement: The merger was announced at the beginning of the year and is pegged as a Rs 70,350 crore deal. CCI conditions: The CCI has approved the merger with certain voluntary amendments that were proposed by both the parties.
Formation of New Company:
After the implementation of this merger, this new company will emerge as the largest media company in the country. This will increase competition in the field of media and entertainment and viewers will be able to get better services.
Latest Reads For Your.
I am from Bihar. I am proud of being from Bihar. I teach a lesson to fake news. I am a friend of the migrants. India is my everything. You can contact me on Instagram at @nyabihar and lov@gulfhindi.com.
More by Lov Singh
