Reliance Industries (RIL) through a subsidiary, has agreed to subscribe to a 5% equity stake in NYSE listed Eros International PLC (Eros) at a price of $15 per share, which represents an 18% premium to last closing price. The transaction is subject to customary regulatory and other approvals.
Further, RIL and Eros International Media have agreed to partner in India to jointly produce and consolidate content from across India. The parties will equally invest up to Rs 1,000 crore in aggregate (approximately $150 million) to produce and acquire Indian films and digital originals across all languages.
RIL is India’s largest private sector company, to feature in Fortune’s Global 500 list of ‘World’s Largest Corporations’ - currently ranking 203rd in terms of revenues, and 110th in terms of profits.
| Company Name | CMP |
|---|---|
| Reliance Industries | 1399.20 |
| Indian Oil Corp. | 141.20 |
| BPCL | 296.25 |
| HPCL | 378.90 |
| MRPL | 160.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: