Soros acquires 3% stake in India's Reliance Entertainment

By 2008-02-08T13:09:00

The move values the company, owned by the Anil Dhirubhai Ambani Group, at $3bn and highlights increasing investor interest in Indian entertainment firms. In 2006, Walt Disney took a minority stake in Mumbai-based UTV Communications, while Viacom established a joint venture with India's Network18 last year.

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