RIL Tata JV: Mukesh Ambani's Reliance mulls buying 29% stake in Tata Play from Walt Disney
Tata Sons, the holding company of the Tata group, holds a majority stake (50.2%) in Tata Play. The remaining shares are owned by Disney and Singapore-based investment firm Temasek, the report added.
Also Read | Disney Star bats for a larger pool of advertisers as IPL approaches This development comes amidst larger merger talks between Disney and Reliance, aiming to create a media behemoth. While Viacom18 could be the biggest shareholder in the combined entity, rumors suggest Reliance might invest $1.5 billion for a 60% stake, leaving Disney with the remaining 40%.
Also Read | RIL share price hits record high; market cap tops ₹20 lakh crore for first time; what should investors do? Meanwhile, Reliance Industries (RIL) share price climbed almost 2 per cent to hit its fresh all-time high of ₹2,957.80 in intraday trade on BSE on Tuesday, February 13. This remarkable increase in the stock price propelled the company's market capitalization to almost ₹20 lakh crore for the first time.
RIL is the most valuable company in India in terms of market capitalisation. Also Read | Reliance Industries' market capitalisation crosses ₹19.5 lakh crore: How does it stack up against major global firms? Mint earlier in 2022 reported, that Walt Disney Co.
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