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As per knowledge sourced from the Division for Promotion of Trade and Inside Commerce (DPIIT), the sector accounted for 3.6% of the general FDI influx of ₹31,720 crore in the course of the interval.
For the quarter ended September, the FDI influx within the sector stood at ₹1,165 crore, in comparison with ₹4,893 crore within the quarter ended June. The one-largest FDI influx got here within the type of Bodhi Tree Programs-owned BTS Funding 1’s ₹4,306.32 crore funding in RIL subsidiary Reliance Storage, which amalgamated into Viacom18 as a part of a transaction additionally involving RIL.
As per the association, RIL group entities acquired a 60.37% shareholding in Viacom18 for a ₹10,839 crore fund infusion and the switch of streaming service Jio Cinema to the media firm by Reliance Storage. The transaction, which occurred beneath the Reserve Financial institution of India’s automated route, gave Bodhi Tree a 13.08% stake in Viacom18. Bodhi Tree Programs is backed by media veterans James Murdoch and Uday Shankar. Subsequently, BTS Funding 1 invested ₹953 crore in Viacom18 for a 2.89% further stake within the firm beneath the acquisition of shares route. The Uday Shankar and James Murdoch-promoted firm had purchased the extra stake from RIL. The transaction valued Viacom18 at ₹32,983 crore. Underneath the acquisition of shares route, Swedish digital leisure firm MTGx Gaming Holding AB invested ₹493.79 crore in Play Easy Video games.
