Disney invests ₹123 crore in JioStar India venture
after close1 source ↓written by the desknot a recommendation
- into the JioStar
- ₹123 crore
- alongside Reliance Industries
- 37% stake
- majority holding
- 56%
Walt Disney's Star Group Limited has infused ₹123 crore into the JioStar India joint venture, enhancing its foreign direct investment. This transaction, completed under the RBI's automatic route, reinforces Disney's 37% stake alongside Reliance Industries' 56% majority holding. The investment may bolster JioStar's market position in the competitive media landscape.
Not investment advice. For informational purposes only.