Agreement between Reliance and Disney….?

The clarification follows reports of a definitive agreement between Reliance and Disney to combine their media businesses in India

We regret to inform you that we are currently unable to offer any comments on the matter of relying on signing a binding pact for the merger deal with Disney.

Reliance Industries Limited (RIL) has chosen not to provide any comments regarding the rumors surrounding a potential merger with Disney, stating that they are unable to address speculations.

This statement follows reports indicating a formal agreement between Reliance and Disney to consolidate their media businesses in India.

If the deal goes through, Reliance’s media arm, under the leadership of Mukesh Ambani, would hold a controlling interest of no less than 61 percent in the merged company, while Disney would maintain ownership of the rest of the shares.

We regret to inform that we are refraining from addressing the speculations in the media, as it would not be suitable for us to engage in such discussions.

Nonetheless, reports have surfaced indicating that a formal agreement has been reached between the two corporations to combine their media operations in India.

In this merger, it is anticipated that Reliance’s media division will hold a controlling share, while Disney will retain a minority stake.