The plan, as of now, is to create a step-down subsidiary of RILs Viacom18, which will absorb Star India via a stock swap, said the people cited above. Reliance is pitching to be the larger shareholder with at least 51% in the merged company with Disney owning the residual 49%, they said. Both businesses are being treated as similar-sized ones, so RIL is likely to pay cash for the controlling stake.
Both entities are reportedly finalising a non-binding term sheet to propel forward their plans for a merger, potentially establishing the largest media and entertainment conglomerate in the country.
"After the Dec. 7, 1941, Pearl Harbor attack, the entire town had succeeded in a Dec. 8 blackout, with the exception of the downtown, and a mysterious red light reported in Seabright," writes Local History columnist Ross Eric Gibson. The Seabright light turned out to be the Kelly Hotel sign viewed from a distance and was unplugged as downtown managed at last to extinguish all its lights."
What is Bodhi Day? And when do Buddhists celebrate it? beaumontenterprise.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from beaumontenterprise.com Daily Mail and Mail on Sunday newspapers.
Buddhists around the world are celebrating Bodhi Day. Also called Buddha’s Enlightenment Day, it commemorates when Siddhartha Gautama attained awakening or enlightenment some 2,600 years ago, becoming the Buddha. Japan celebrates on Dec. 8, following the Western calendar. It varies elsewhere in East Asia, but generally, the holiday falls between the winter solstice […]