MoneyWorks4Me

Reliance Industries informs about agreement to acquire equity shares

14 Mar 2024 Evaluate
Reliance Industries has informed that binding agreement has been entered into today at 1:38 am between the Company and two subsidiaries of Paramount Global for the Company to acquire 13.01% equity stake (on a fully diluted basis) of Viacom 18 Media held by Paramount Global through its two subsidiaries for an aggregate consideration of Rs 4,286 crore. 

The above information is a part of company’s filings submitted to BSE. 
Peers
Company Name CMP
Reliance Industries 1166.00
Indian Oil Corpn. 132.00
Bharat PetroleumCorp 301.00
HPCL 346.00
MRPL 164.70
View more..