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Paramount Global to sell 13% stake in Viacom18 to Reliance for Rs 4,286 crore

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New Delhi: Paramount Global has agreed to sell its 13 per cent stake in its Indian TV business to Reliance Industries for Rs 4,286 crore, the Indian firm said Thursday.

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In a stock exchange filing, Reliance said it has signed a binding agreement with two subsidiaries of Paramount Global to acquire 13.01 per cent equity stake of Viacom18 Media Private Limited held by Paramount Global.

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