Reliance Share Price: Reliance Industries and Disney form a joint venture combining Viacom 18 and Star India businesses. Jefferies values Disney s business lower. The JV has cricketing rights and a 40% share of the advertising market. Media assets include Colors, StarPlus, StarGOLD, Star Sports, Sports18, JioCinema, and Hotstar.
RIL will be having a 16.34 per cent stake, Viacom18 46.82 per cent and Disney 36.84 per cent. Viacom18 is a subsidiary of TV18 Broadcast Ltd, which in turn is a subsidiary of Network18 Media & Investments Limited.
Vodafone shares had settled 6.27 per cent higher at Rs 16.28 in the previous session after the Aditya Birla group chairperson Kumar Mangalam Birla said his group was committed to Vodafone and its investors.
Reliance Industries share price has touched a new high, surpassing a market capitalisation milestone of Rs 20 lakh crore earlier this week after remaining within a range for the past three years
Reliance Industries (RIL) becomes the first listed Indian entity to cross Rs 20 lakh crore market cap milestone. Analysts from Morgan Stanley, Jefferies, Sharekhan, and Citi have provided target prices and assessments of RIL s future prospects. RIL s market value has increased by Rs 1 lakh crore in the last two weeks alone.