Viacom18 completes strategic partnership with Reliance, Bodhi Tree Systems and Paramount Global

Viacom18 on Thursday announced completion of strategic partnership with Reliance Storage Limited , Bodhi Tree Systems and Paramount Global (formerly known as ViacomCBS). Bodhi Tree Systems is backed by media tycoon James Murdoch and former Star & Disney India head Uday Shankar.

With the completion of the deal, TV18 (owned by Mukesh Ambani) will hold 50.994% equity stake, while Bodhi Tree will have 0.011% stake in the company. Paramount Global will hold 48.994%.