Reliance Industries (RIL), Viacom 18 Media�(Viacom18) and The Walt Disney Company (NYSE:DIS) (Disney) today announced that following the approval by the Hon`ble NCLT Mumbai, Competition Commission of India and other regulatory authorities, the merger of the media and JioCinema businesses of Viacom18 into Star India (SIPL) has become effective (the JV). In addition, RIL has invested�Rs 11,500 crore (~US$ 1.4 billion) into the JV for its growth. The JV has allotted shares to Viacom18 and RIL as consideration for the assets and cash, respectively.The transaction values the JV at�Rs 70,352 crore (~US$ 8.5 billion) on a post-money basis, excluding synergies. At the closing of the transactions noted above, the JV is controlled by RIL and owned 16.34% by RIL, 46.82% by Viacom18 and 36.84% by Disney.Nita M. Ambani will be the Chairperson of the JV, with Uday Shankar as Vice Chairperson providing strategic guidance to the JV.The JV will be one of the largest Media & Entertainment companies in India with pro forma combined revenue of approximately�Rs 26,000 crore (~US$ 3.1 billion) for the fiscal year ended in March 2024. The JV operates over 100 TV channels and produces 30,000+ hours of TV entertainment content annually. The JioCinema and Hotstar digital platforms have an aggregate subscription base of over 50 million. The JV holds a portfolio of sports rights across cricket, football and other sports.In a separate transaction, RIL has bought out Paramount Global`s entire stake of 13.01% in Viacom18 for ₹ 4,286 crore. As a result, Viacom18 is owned 70.49% by RIL, 13.54% by Network18 Media & Investments Ltd. and 15.97% by Bodhi Tree Systems, on a fully-diluted basis. Powered by Capital Market - Live News

Reliance Industries has allotted 676,61,86,449 equity shares of Rs. 10/- each as fully paid-up bonus equity shares, in the proportion of 1:1, i.e., 1 new fully paid-up equity share of Rs. 10/- each for every 1 existing fully paid-up equity share of Rs. 10/- each, to the eligible members of the Company whose names appeared in the Register of Members / Register of the Beneficial Owners, as on October 28, 2024, the �Record Date� fixed for this purpose.Powered by Capital Market - Live News

Net profit of Reliance Industries declined 4.78% to Rs 16563.00 crore in the quarter ended September 2024 as against Rs 17394.00 crore during the previous quarter ended September 2023. Sales declined 0.15% to Rs 231535.00 crore in the quarter ended September 2024 as against Rs 231886.00 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales231535.00231886.00 0 OPM %16.8717.67 - PBDT37917.0039078.00 -3 PBT25037.0026493.00 -5 NP16563.0017394.00 -5 Powered by Capital Market - Live News

Reliance Industries has allotted 1,00,000 equity shares under ESOS on 09 October 2024. Powered by Capital Market - Live News

Reliance Industries will hold a meeting of the Board of Directors of the Company on 14 October 2024.Powered by Capital Market - Live News