Reliance Industries has acquired a 24.92% stake in film and television production house Balaji Telefilms for Rs. 413.28 crore($64 million)..AZB & Partners advised Reliance Industries with a team led by Partners Ashwath Rau, Nilanjana Singh and Ami Parikh along with Senior Associate Vasudha Asher and Associate Pranav Atit..Shardul Amarchand Mangaldas acted for Balaji Telefilms and the team was led by Mumbai Managing Partner Akshay Chudasama along with Sayak Maity and Kathya De Braganca..The stake purchase will give RIL access to content generated by Balaji Telefilms for use by its telecom arm, Reliance Jio Infocomm Ltd, reported Mint.
Reliance Industries has acquired a 24.92% stake in film and television production house Balaji Telefilms for Rs. 413.28 crore($64 million)..AZB & Partners advised Reliance Industries with a team led by Partners Ashwath Rau, Nilanjana Singh and Ami Parikh along with Senior Associate Vasudha Asher and Associate Pranav Atit..Shardul Amarchand Mangaldas acted for Balaji Telefilms and the team was led by Mumbai Managing Partner Akshay Chudasama along with Sayak Maity and Kathya De Braganca..The stake purchase will give RIL access to content generated by Balaji Telefilms for use by its telecom arm, Reliance Jio Infocomm Ltd, reported Mint.
