Paramount Global sells its remaining stake of 13.01% in Viacom 18 Media Private Limited (“Viacom 18”) to Reliance Industries Limited

  • Deal
  • February 29, 2024

JSA advised Paramount Global on its exit from Viacom18 by selling its remaining 13.01% stake to Reliance Industries Limited (RIL) for ₹4,286 crores.

As part of the larger transaction RIL and The Walt Disney Company will form a joint venture that will merge the media undertaking of Viacom18 with Star India through a court-approved scheme of arrangement.

Our transaction team is comprised of partners – Lalit Kumar and  Bharati Joshi.