Reliance Industrial Investments and Holdings Ltd (RIIHL), a wholly-owned unit of Reliance Industries Ltd (RIL), is buying a 65% stake in the Indian Film Combine Pvt. Ltd for Rs. 1,105 crore..RIIHL is buying the stake from existing shareholders—20% from Xander Group for Rs. 340 crore and 45% from entities belonging to the promoter group of RIL for Rs. 765 crore. The remaining 35% continues to be held by the Maker Group, reported Mint..AZB & Partners Mumbai office advised Reliance and Maker Group on this deal. The team was led by Partners Ashwath Rau and Kashish Bhatia along with Associate Karishma Muravne and Sruti Baid..AZB Delhi Partner Hardeep Sachdeva advised Xander Group on this deal.
Reliance Industrial Investments and Holdings Ltd (RIIHL), a wholly-owned unit of Reliance Industries Ltd (RIL), is buying a 65% stake in the Indian Film Combine Pvt. Ltd for Rs. 1,105 crore..RIIHL is buying the stake from existing shareholders—20% from Xander Group for Rs. 340 crore and 45% from entities belonging to the promoter group of RIL for Rs. 765 crore. The remaining 35% continues to be held by the Maker Group, reported Mint..AZB & Partners Mumbai office advised Reliance and Maker Group on this deal. The team was led by Partners Ashwath Rau and Kashish Bhatia along with Associate Karishma Muravne and Sruti Baid..AZB Delhi Partner Hardeep Sachdeva advised Xander Group on this deal.