Reliance, Bodhi Tree Said to Take 60 Percent Stake in Disney India Merger
Billionaire Mukesh Ambani’s Reliance is close to merging its India media business with Walt Disney with a 51 percent-54 percent stake, a deal that values the US giant’s Indian operations at just $3.5 billion (roughly Rs. 29,043 crore), said three sources with direct knowledge. The valuation of Disney’s India unit…