Newly merged Star India-Viacom18 to boast cash reserves of over Rs 19K cr

The newly merged entity of Star India and Viacom18 will have a strong cash position of over Rs 19,000 crore, driven by Viacom18’s current cash reserves and investments of Rs 7,829 crore, plus Rs 11,500 crore from Reliance Industries Ltd (RIL), The Economic Times reported on Tuesday.

However, Star is not expected to have any cash reserves at present, the report added. The cash reserve will allow Star-Viacom18 to make key investments in its digital and sports businesses, which are expected to incur losses in the short term.