Viacom18 becomes subsidiary of Reliance Industries

Viacom18 Media Private Limited (“Viacom18”) has officially become a subsidiary of Reliance Industries Limited (“Reliance”) effective December 30, 2024. This development follows the conversion of 24,61,33,682 compulsorily convertible preference shares (“CCPS”) into an equivalent number of equity shares, solidifying Reliance’s majority ownership in the company.