Reliance, Bodhi Tree Said to Take 60 Percent Stake in Disney India Merger

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…