Stuartt
KF Rookie
Reliance the biggest private owned industry is touching it's all time high today , why that so ?
The RIL stock gained after Bloomberg reported that Walt Disney's India unit faces a significant erosion in valuation, possibly half, in the run-up to its proposed merger with Mukesh Ambani's media business. After negotiations, Disney's India assets are now valued at around $4.5 billion, compared to its earlier demand for $10 billion, the report said. The combined entity aims for an $11 billion valuation, with Disney holding a 40 percent stake.
The stock hit an all-time high of Rs 2,850 today
The RIL stock gained after Bloomberg reported that Walt Disney's India unit faces a significant erosion in valuation, possibly half, in the run-up to its proposed merger with Mukesh Ambani's media business. After negotiations, Disney's India assets are now valued at around $4.5 billion, compared to its earlier demand for $10 billion, the report said. The combined entity aims for an $11 billion valuation, with Disney holding a 40 percent stake.
The stock hit an all-time high of Rs 2,850 today