Paramount to sell its remaining stake in Viacom18 to RIL
Paramount Global is set to sell its remaining 13.01% stake in Viacom18 to Reliance Industries for ₹4,286 crore, valuing the Indian media company at around ₹33,000 crore. The transaction is subject to certain customary conditions, including regulatory approvals. The transaction is also subject to the completion of the proposed joint venture involving RIL, Viacom18, and The Walt Disney Company's Star India.
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