RIL rallies but TV18, Network18 fall 5% as investors react to Ambani-Disney deal

February 29, 2024

Reliance Industries and Disney form a joint venture combining Viacom 18 and Star India businesses. Jefferies values Disney’s business lower. The JV has cricketing rights and a 40% share of the advertising market. Media assets include Colors, StarPlus, StarGOLD, Star Sports, Sports18, JioCinema, and Hotstar.

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GE Shipping, SCI shares rally up to 13% as Israel’s strike on Iran elevates tanker rate surge bets

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