March 14, 2024

BSE Limited

National Stock Exchange of India Limited

Phiroze Jeejeebhoy Towers

Exchange Plaza, Plot No. C/1, G Block,

Dalal Street,

Bandra-Kurla Complex,

Mumbai 400 001

Bandra (East) Mumbai 400 051

Scrip Code: 500325

Trading Symbol: RELIANCE

Dear Sirs,

Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Agreement to acquire equity shares of Viacom 18 Media Private Limited

Please note that binding agreement has been entered into today at 1:38 a.m. between the Company and two subsidiaries of Paramount Global for the Company to acquire 13.01% equity stake (on a fully diluted basis) of Viacom 18 Media Private Limited ("Viacom18") held by Paramount Global through its two subsidiaries for an aggregate consideration of Rs. 4,286 crore.

Viacom18 is a material subsidiary of TV18 Broadcast Limited. The Company currently holds Compulsorily Convertible Preference Shares of Viacom18 representing 57.48% equity stake (on a fully diluted basis). Post the completion of this transaction, the Company's equity stake in Viacom18 will increase to 70.49% (on a fully diluted basis).

The acquisition is not a related party transaction and none of the Company's promoter

  • promoter group / group companies have any interest in the acquisition. This transaction is subject to regulatory approvals and completion of the transaction envisaged in the media release titled "RELIANCE AND DISNEY ANNOUNCE
    STRATEGIC JOINT VENTURE TO BRING TOGETHER THE MOST COMPELLING
    AND ENGAGING ENTERTAINMENT BRANDS IN INDIA" submitted by the Company on February 28, 2024.

Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India

Phone #: +91-22-3555 5000, Telefax: +91-22-2204 2268. E-mail:investor.relations@ril.com, Website: www.ril.comCIN- L17110MH1973PLC019786

Paramount Global will continue to license its world class content to Viacom18 after completion of the transaction.

Kindly take the same on record.

Thanking you

Yours faithfully,

For Reliance Industries Limited

SAVITHRI PAREKH

Digitally signed by

SAVITHRI PAREKH Date: 2024.03.14 02:03:41 +05'30'

Savithri Parekh

Company Secretary and

Compliance Officer

Copy to:

The Luxembourg Stock Exchange

Singapore Exchange Limited

35A Boulevard Joseph II

4 Shenton Way, #02-01 SGX Centre 2,

L-1840 Luxembourg

Singapore 068807

Regd. Office: 3rd Floor, Maker Chambers IV, 222, Nariman Point, Mumbai- 400 021, India

Phone #: +91-22-3555 5000, Telefax: +91-22-2204 2268. E-mail:investor.relations@ril.com, Website: www.ril.comCIN- L17110MH1973PLC019786

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Reliance Industries Ltd. published this content on 14 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 March 2024 08:25:11 UTC.