Reliance Entertainment CEO looks to buy Anil Ambani film firm via US SPAC

The veteran film executive behind Udta Punjab, Queen, Naam Shabana, and television shows like Kaun Banega Crorepati looks to hit a jackpot.

Shibasish Sarkar, the group chief executive of Reliance Entertainment Pvt Ltd, is in discussions with Anil Ambani to buy the private movie studio and content distribution company owned by the industrialist and his family, as a management buyout (MBO), said people aware of the matter.