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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
New investments in the entertainment company will see publicly listed TV18 lose control over its most profitable subsidiary.
Last year, Viacom18, a subsidiary of Reliance Industries-controlled TV18, announced a partnership to infuse capital into the firm. It said two entities, namely its parent and Bodhi Tree Systems, would bring in Rs 15,145 crore to help Viacom18 invest in its high-growth businesses—digital, sports and regional entertainment.
Of the proposed investment, Rs 13,500 crore was to come from Bodhi Tree Systems, an investment platform backed by media tycoon James Murdoch and former Disney India executive Uday Shankar; Reliance was to invest the remainder. Additionally, Reliance would transfer its JioCinema business to Viacom18.
An important detail, however, was left out. The …
