Viacom18 turns into totally owned subsidiary of Reliance Industries
Viacom18 Media, a media and leisure agency, is now a direct subsidiary of Reliance Industries (RIL). The change comes after the conversion of over 24.61 crore compulsorily convertible desire shares (CCPS) into an equal variety of fairness shares. On December 30, Reliance Industries transformed 24,61,33,682 CCPS into an equal variety of fairness shares, following shareholder […]
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