Walt Disney and Mukesh Ambani’s Reliance are continuing talks for an India merger, with Reliance likely to take a roughly 51-54 per cent stake in the merged entity, three sources with direct knowledge of the matter told Reuters on Thursday.
Bodhi Tree, which is a joint venture between James Murdoch and a former Star India executive, Uday Shankar, is also in talks to take an additional stake of 7-9 per cent in merged entity, the sources said on condition of anonymity.