A bird flies past a Reliance Industries logo installed on its mart in Ahmedabad, India January 16, 2017. REUTERS/Amit Dave/File Photo
broadcast venture Viacom18 by 70% and will now pump in 43.06 billion rupees , Viacom18 said late on Thursday. Reliance, which is expanding in every sector from retail to ecommerce, made its big splash in the Indian streaming space last year, with its acquisition of digital streaming rights for the Indian Premier League T20 cricket tournament from 2023 to 2027.
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Perhaps Reliance pump in it's own funds to hold the strong control in media business.