Reliance Industries Limited entered into binding agreement to acquire 13.01% stake in Viacom 18 Media Private Limited from Paramount Global for INR 42.9 billion.

Reliance Industries Limited (NSEI:RELIANCE) entered into binding agreement to acquire 13.01% stake in Viacom 18 Media Private Limited from Paramount Global (NasdaqGS:PARA) for INR 42.9 billion on March 13, 2024. This transaction is subject to regulatory approvals and completion of another transaction.