Bodhi Tree Systems picks up additional stake in Viacom18
As per reports, the Uday Shankar and James Murdoch-promoted company has acquired a further 2.89% stake in the media company
Uday Shankar and James Murdoch's Bodhi Tree Systems has picked up an additional 2.89% stake in Viacom18, media networks have reported.
The acquisition is worth Rs 953.23 crore, as per a report.
This is said to have raised Bodhi Tree Systems' holding in Viacom18 to 15.97%.
In April, Uday Shankar was appointed to the Board of Viacom18.
As per media reports, Shankar is in the process of putting together a new leadership team.
