New Delhi, 14/11: Reliance Industries Limited and and Disney on Thursday announced the completion of transactions to form the long-pending joint venture that they had announced earlier.
The transaction values the JV at Rs 70,352 crore (~US$ 8.5 billion) on a post-money basis, excluding synergies. At the closing of the transactions noted above, the JV is controlled by RIL and owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney.
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