RIL-Viacom18-Disney JV to add Rs 40 per share to Reliance's value!
Thu, Feb 29, 2024 9:48 AM

RIL-Viacom18-Disney JV to add Rs 40 per share to Reliance's value!

A Flip by Avya Verma
Get it on Google Play
Reliance shares may gain on February 29 after the conglomerate signed a strategic joint venture with Walt Disney Co. to merge their media operations -- Viacom18 and Star India. The RIL-Viacom18-Disney transaction will add Rs 40 per share to RIL’s sum-of-the-parts valuation (SOTP), said Jefferies. This partnership not only presents opportunities for enhanced ad inventory monetisation.

More great flips

Gold Price Today: Gold prices surge by Rs 1,500/10 gm in 2 days

Gold Price Today: Gold prices surge by Rs 1,500/10 gm in 2 days

Precious metals displayed certain strength as the Gold December futures contracts at MCX opened today at Rs 75,400 per 10 gram, which is up by nearly 0.50% or Rs 353 while silver December futures contracts were trading at Rs 91,059/kg, up by 0.6% or Rs 546. Gold prices shot up by Rs 1,480/ 10 grams in the last 2 days while silver prices went up by Rs 2,700/kg in the same period.

Open Flip
Honasa share price extends losses, slumps 18% to hit 52-week low on weak Q2

Honasa share price extends losses, slumps 18% to hit 52-week low on weak Q2

Honasa share price extended losses on Tuesday’s session touching a fresh 52-week low post its Q2 results. Honasa share price today slumped 18%, the stock touched an intraday low of ₹242.60 apiece on BSE. The firm that owns FMCG brands like Mamaearth and The Derma Co saw its shares drop 20% on Monday after announcing a consolidated loss of ₹18.57 crore for the Q2 FY25.

Open Flip
Bonus Alert: This garments exporter will issue free shares on November 22

Bonus Alert: This garments exporter will issue free shares on November 22

Shares of Kitex Garments Ltd. are locked in a 5% upper circuit on Tuesday, November 19, after the company informed the exchanges on Monday that it will issue bonus shares to its shareholders. Kitex Garments will consider the bonus issue proposal during its board meeting on Friday, November 22, the exchange filing said.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon