Viacom18 now a direct subsidiary of Reliance. CCPS conversion complete

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Viacom18 is now a direct subsidiary of Reliance Industries following the conversion of 246.1 million CCPS into equity shares.

The media empire saw further expansion in November 2024 with the merger of RIL’s media operations and the India business of Walt Disney.

Previously, Viacom18 was a material subsidiary of Network18 Media & Investments Ltd, itself a subsidiary of RIL.

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Category: BusinessFinance

Markets: IndiaMali

Topics: Network18 exits Viacom18 Indian media industry Viacom18 CCPS conversion Reliance 83.88% stake Viacom18 Walt Disney India merger Viacom18 ownership Reliance media expansion Reliance Viacom18 subsidiary Reliance JioCinema Viacom18 equity conversion

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-01 @ 14:33:43 (2 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 419 words

Reading Time: 3 minutes read

Sentences: 23 lines

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Copyright Owner: © Business Standard

News ID: 24801691

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