WOAH! Ekta Kapoor's Balaji Telefilms collaborates with Mukesh Ambani's Reliance Jio!
And the stakes purchased are worth Rs. 413.28 crores.
In one of the most humungous business deals of all times, Ekta Kapoor's Balaji Telefilms has acquired a new stakeholder and that is none other than Reliance Jio chairman, Mukesh Ambani.
According to the details mentioned on a popular website, in a one-of-its-kind deal, Reliance Industries Limited (RIL) has acquired a 24.92% stake for Rs. 413.28 crore. With this collaboration, Ekta's ALT Balaji and Reliance Jio will work in tandem.
With Reliance building up its Jio network, this step will help strengthen Ekta's ALT Balaji venture as well.
Also, this collaboration will make all of Balaji's shows a Reliance Company product.
Well, looks like Ekta Kapoor has a new 'partner in crime' (pun intended)...Oops! We mean in business.
Congratulations Ekta and the entire team. We wish you best of luck for this new venture!
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