JSA provided advisory services to Paramount Global concerning its departure from Viacom18, finalizing the sale of its remaining 13.01% share to Reliance Industries Limited (RIL) for ₹4,286 crores.
Additionally, within this comprehensive deal, RIL and The Walt Disney Company are set to establish a joint venture. This venture will integrate the media operations of Viacom18 with Star India through a court-sanctioned scheme of arrangement.
The agreement, pending regulatory clearance, follows closely after Reliance, led by Mukesh Ambani, finalized a partnership with Disney to combine their streaming and television businesses in India, forming a new entity valued at $8.5 billion.
The upcoming service aims to integrate 120 TV channels along with the streaming platforms JioCinema and Disney+ Hotstar.
The transaction was overseen by team of partners, Lalit Kumar and Bharati Joshi.
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