Reliance Industries Limited entered into binding agreement to acquire 13.01% stake in Viacom 18 Media Private Limited from Paramount Global for INR 42.9 billion.

Reliance Industries Limited (NSEI:RELIANCE) entered into binding agreement to acquire 13.01% stake in Viacom 18 Media Private Limited from Paramount Global (NasdaqGS:PARA) for INR 42.9 billion on March 13, 2024. This transaction is subject to regulatory approvals and completion of another transaction. Goldman Sachs (India) Securities Private Limited acted as financial advisor to Reliance Industries Limited.