News > Mukesh Ambani's RIL boosts stake in Viacom18 from 70.49% to 83.88%

Mukesh Ambani's RIL boosts stake in Viacom18 from 70.49% to 83.88%

Viacom18 Media Private Limited has officially become a subsidiary of Reliance Industries Limited, effective December 30, 2024, as part of a massive corporate reorganisation. Following the conversion of CCPS into equity shares, Reliance currently owns 83.88% of Viacom18's total equity share capital, while preserving its fully diluted ownership of 70.49% putting Reliance at the head of Viacom18's strategic direction.