India’s Reliance Industries Buys Stake in Balaji Telefilms

Indian conglomerate Reliance Industries Ltd. is acquiring a 24.9% stake in leading content provider Balaji Telefilms for $64.2 million, part of Reliance’s push into the entertainment sector. Balaji operates the digital content platform ALT and will use the Reliance investment to grow the business further. Led by billionaire Mukesh Ambani, Reliance operates in the telecom,... Read more » Henry Chu