Nita Ambani Expected to Chair Merged Entity of Reliance-Disney: Reports

In a significant development, Nita Ambani, the founder and chairperson of Reliance Foundation, is reportedly poised to lead the entity resulting from the merger of Viacom 18 and Sony India. These media assets, owned by Reliance Industries Limited (RIL) in India and the US-based Walt Disney Company, are set to form a formidable partnership, as per reports.

Nita Ambani's Leadership Role

Nita Ambani, renowned for her philanthropic endeavors and leadership in various domains, including sports and education, is expected to take the helm of the merged entity. This strategic move aligns with Ambani's vision for enhancing the media landscape in India.

Stakeholding Structure

According to reports, the merged entity's ownership structure is set to include significant stakes held by various stakeholders. Bodhi Tree, a joint venture involving British-American businessman James Murdoch and former Disney executive Uday Shankar, is anticipated to hold a 9% stake in the merged entity. Walt Disney Company is slated to hold around 40%, while RIL will retain the majority share of 51%.

Key Players in the Reliance-Disney merger Joint Venture

Uday Shankar, the promoter of Bodhi Tree, is expected to assume the role of vice-chairperson in the Viacom18-Sony India joint venture. This underscores Shankar's extensive experience and expertise in the media and entertainment industry.

Statement from Reliance Industries Limited

In response to the speculation surrounding the merger pact, Reliance Industries Limited issued a statement clarifying its position. The Mumbai-based conglomerate emphasized that it refrains from commenting on media speculation and reiterated its commitment to evaluating various opportunities.

Official Announcement and Future Outlook

An official announcement regarding the deal and leadership positions is expected on Wednesday. While both companies have refrained from commenting on speculation, the potential merger and Nita Ambani's leadership raise significant interest within the Indian media industry. If finalized, this collaboration would have a considerable impact on the sector's landscape.

Key Points of Reliance-Disney merger:

• Nita Ambani, wife of billionaire Mukesh Ambani (RIL chairperson), is reportedly the frontrunner to lead the merged entity.

• Reliance Foundation is a wholly-owned subsidiary of RIL.

• Bodhi Tree, a joint venture between James Murdoch and Uday Shankar, will hold a 9% stake.

• RIL will hold 51% and Disney will hold 40% of the merged entity.

• Uday Shankar is expected to be the vice-chairperson.

• An official announcement is expected on Wednesday, but both companies have declined to comment on speculation.