Ambani's Reliance to buy 5% stake in Eros for over â¹316 cr
Mukesh Ambani-led Reliance Industries on Tuesday said it will buy a 5% stake in NYSE-listed Eros International for $48.75 million (over â¹316 crore). Separately, the companies also announced a â¹1,000-crore fund to produce and acquire Indian films and digital content. Last year, Reliance had purchased 25% stake in media company Balaji Telefilms for â¹413 crore.