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. 

Reliance Industries Share Price

1284.40 -1.60 (-0.12%)
28-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
Reliance Industries 1284.40
Indian Oil Corpn. 137.00
Bharat PetroleumCorp 318.05
HPCL 364.40
MRPL 168.55
View more..

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: