Reliance Industries Ltd.

Reliance Industries’ step down unit Ojasvi Trading has bought nearly 5% stake in Mahendra Nahata-promoted Media Matric Worldwide for about Rs 40 crore. Ojasvi Trading has bought 5.25 crore shares in three separate block deals.

Media Matric worldwide till recently was in the business of making animation films, theatrical film distribution and distribution of music albums, TV content etc. It added a new line of business with nexgTV app, offering on demand content, TV shows and movies. Its unit DigiVive offers Mobile TV services.

Osjasvi Trading is a unit of Teesta Retail. Teesta Retail is a subsidiary of Reliance Industries Investment and Holding. Reliance Industries Investment and Holding is owned by Reliance Industries.