Key Points
Reliance Industries stock reached a days high of Rs 2,958 apiece but declined to trade 0.62 per cent higher at Rs 2,926 on the Bombay Stock Exchange (BSE) at around 12:20 pm.. ...
Shares of Reliance Industries Limited (RIL) rose nearly 2 per cent in early trade after it signed a binding pact with Walt Disney to create a $8.5 billion media powerhouse...
The initial surge in RILs share price was due to investor optimism over the official announcement of the joint venture that will combine the businesses of Viacom18 and Star India, and lead to the creation of Indias number 1 broadcast network...
JM Financial, another brokerage firm, estimates RILs effective stake in the joint venture at 49.6 per cent, adding that the net value from the merged entity for RIL could be Rs 234 billion or Rs 35 per share...
In summary, the initial views shared by brokerages suggest that the strategic media deal with Disney is expected to enhance Reliance's market position and unlock significant value for shareholders.. (Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group..
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