RIL-Disney Deal: Nita Ambani will now lead this business! You may get a big responsibility - Newztezz Online

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Wednesday, February 28, 2024

RIL-Disney Deal: Nita Ambani will now lead this business! You may get a big responsibility

Mukesh Ambani can hand over big responsibilities to his wife Nita Ambani. Nita Ambani can become the chairperson of the media business of Reliance Industries-Walt Disney merger. He currently has the responsibility of Dhirubhai Ambani International School located at Reliance Foundation, Mumbai.

World's leading businessman Mukesh Ambani can hand over a big responsibility to his wife Nita Ambani. Nita Ambani can become the chairperson of the media business of Reliance Industries-Walt Disney merger. Let us tell you, Nita Ambani had recently resigned from the board of Reliance Industries to pay more attention to the foundation. At the same time, now she can become the chairperson of the company formed after the merger of Reliance and Disney. She is also the founder of Nita Mukesh Ambani Cultural Center in Mumbai.

Nita Ambani will get big responsibility

According to Reuters report, there is every possibility of Nita Ambani, wife of Reliance Industries Chairman Mukesh Ambani, being appointed chairperson of the board of the Reliance-Disney merger unit. Reliance and Disney are close to signing Bharat Media merger deal. Work on this deal has been going on for months. This deal can be announced this week.

signed binding pact

Earlier in the week, according to a report in Economics Times, Disney and Reliance have signed an agreement to merge their media operations. It said that Ambani-led Reliance is expected to hold 61 percent stake in the merged entity, while the remaining stake will be held by Disney.

Disney's business is struggling in India

Disney's TV and streaming business in India has seen a slowdown in the last few years. Reliance Industries is facing tough competition from Jio regarding cricket streaming. Meanwhile, many users have left the Disney platform.

What responsibilities does Neeta have right now?

If we talk about the present time, Nita Ambani is the chairperson and founder of Reliance Foundation. Neeta is also the chairperson of Dhirubhai Ambani International School based in Mumbai.

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