Tag: reliance

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Billionaire pre- wedding

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Ambani the ultra-wealthy Indian family who got Rihanna to come out of retirement to play a wedding party song. The wedding festivities in a venue in Gujarat in western India in a 3,000-acre garden with a mango orchard in the Ambani’s home estate, and at exorbitant prices of all feting. Mark Zuckerberg, Bill Gates, Black Rock co-founder Larry Fink, Alphabet CEO Sundar Pichai, Former Canadian PM Stephen Harper, former Australian PM Kevin Rudd, Ivanka Trump, cricketer Sachin Tendulkar, Bollywood stars like Shah Rukh Khan, Deepika Padukone, Billionaires Gautam Adani, Kumar Mangalam Birla, Disney CEO Bob Iger among bevy of stars … Continue reading Billionaire pre- wedding

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Disney’s $8.5bn deal to merge India business with Reliance Industries

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Disney will trim financial exposure in its loss making venture in one of the world’s most populated countries on the Indian subcontinent by striking a $8.5bn deal to merge its India business with Reliance Industries. Billionaire Mukesh Ambani’s Reliance, the Indian conglomerate will invest $1.4bn and take a 63 per cent stake in the new company while Disney  will hold  37 per cent. The new entity is valued at $8.5bn. Disney acquired Star India in 2019 as part of its blockbuster $71bn acquisition of Fox from Rupert Murdoch, which they viewed as one of the most promising business in Murdoch’s … Continue reading Disney’s $8.5bn deal to merge India business with Reliance Industries