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Reliance MediaWorks gets Rs 605-cr PE funding proposal

Priyanka Pani Mumbai | Updated on March 12, 2018 Published on July 18, 2012

Reliance MediaWorks Ltd has received a funding proposal of Rs 605 crore from a leading international private equity firm.

The company, however, did not disclose the name of the PE player.

In a statement issued here today, Reliance Mediaworks said that it has signed a term sheet with the PE investor wherein the latter has agreed to acquire a minority stake in the entertainment firm. Both the firms have agreed to exclusivity for the next 90 days.

Reliance MediaWorks has a leading and comprehensive presence in film and media services.

The proposed investment is subject to completion of customary detailed due-diligence, definitive documentation, completion of subsidiarisation of the film and media services business, and approvals as may be necessary.

Published on July 18, 2012
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