Viacom18 now a direct subsidiary of Reliance. CCPS conversion complete

Viacom18 Media, a leading media and entertainment company, is now a direct subsidiary of Reliance Industries Ltd (RIL). This follows the conversion of 246.1 million compulsorily convertible preference shares (CCPS) into an equivalent number of equity shares, formalised on December 30, 2024, and announced in an exchange filing on Tuesday.