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With a significant acquisition of Rs 4286 crore, Mukesh Ambani’s Reliance today owns

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<p>The most valuable firm in India, Reliance Industries, headed by Mukesh Ambani, has just completed a new acquisition of Rs 42860000000. A legally binding deal has been struck by Reliance Industries, led by Mukesh Ambani, to purchase 13.01% of Paramount Global in Viacom18. India’s most valued firm is Reliance Industries. Reliance Industries, with a market valuation of Rs 1939000 crore, is headed by the wealthiest man in India, with a net worth of Rs 934421 crore. The company owned by Mukesh Ambani is active in a variety of industries, such as media and entertainment. The second significant media agreement that Reliance has disclosed this year is the new one with Paramount Global. For those who do not know, Paramount Global is a huge media company that owns prominent networks such as Comedy Central, Nickelodeon, MTV, and others.</p>
<p><img decoding=”async” class=”alignnone wp-image-508709″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-with-a-significant-acquisition-of-rs-4286-crore-mukesh-ambanis-reliance-today-owns-750×664.jpeg” alt=”theindiaprint.com with a significant acquisition of rs 4286 crore mukesh ambanis reliance today owns” width=”996″ height=”882″ title=”With a significant acquisition of Rs 4286 crore, Mukesh Ambani's Reliance today owns 3″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-with-a-significant-acquisition-of-rs-4286-crore-mukesh-ambanis-reliance-today-owns-750×664.jpeg 750w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-with-a-significant-acquisition-of-rs-4286-crore-mukesh-ambanis-reliance-today-owns-768×680.jpeg 768w, https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-with-a-significant-acquisition-of-rs-4286-crore-mukesh-ambanis-reliance-today-owns.jpeg 867w” sizes=”(max-width: 996px) 100vw, 996px” /></p>
<p>A minority investment is held by Paramount Global in Viacom 18, a division of TV18 Broadcast Ltd. Mukesh Ambani will now hold 70.49% of the shares in Viacom 18 after purchasing 13.01% from Paramount. According to a recent Bloomberg article, Paramount Global may use the funds for debt repayment. Following the formal deal inked last month by Reliance and Disney to integrate their Indian media operations, Paramount’s stake in Viacom18 has lately decreased.</p>
<p>Through its investment in Viacom18, Reliance has already aided in the transition of the company from one centered on fossil fuels to one that is consumer-focused and technology-driven. Disney India and Mukesh Ambani’s Reliance recently inked a huge agreement to build a Rs 70000 crore monster.</p>


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