BODHI TREE
Bodhi Tree Multimedia bags Assam government mandate to build state OTT platform
Bodhi Tree Multimedia will spearhead Assam's official digital content platform, a significant move into platform ownership and recurring revenue. This initiative will showcase regional entertainment, culture, and heritage, accessible globally. The project, built with Mogi OTT on Google Cloud, signifies a strategic shift for Bodhi Tree, positioning them at the forefront of digital public infrastructure and cultural digitisation, potentially serving as a model for other states.
James Murdoch-backed Allen Career Institute is said to consider India IPO
Indian education firm Allen Career Institute, backed by James Murdoch and Uday Shankar's Bodhi Tree Systems, is reportedly exploring an initial public offering in Mumbai. The company, a specialist in competitive test preparation, has been in discussions with investment banks about a potential listing. Deliberations are ongoing, and a final decision on the IPO has not yet been made.
Revere and conserve
Sacred trees thrive due to reverence. The Gurusheng tree in Arunachal Pradesh grew from Dalai Lama's stick. Jaya Sri Maha Bodhi Tree in Sri Lanka is another example. Buddhist temples in China shelter endangered trees. Religious sites in eastern China are refuges for old trees. Sacred groves in India also protect revered trees. Conservation happens through respect.
CCI cleared seven M&A deals in media sector over past five years: I&B ministry
The Competition Commission of India (CCI) approved seven media and entertainment sector M&A deals in the last five years, ensuring competition safeguards. Key transactions include the Disney-Reliance media merger, Comcast's investment in Viacom18, and Tata Sons' increased stake in Tata Play.
Bihar tableau at Republic Day parade showcases Nalanda, Buddhist heritage
Bihar's tableau at the Republic Day parade highlighted the cultural heritage of the region. It featured the Bodhi Tree and ancient Nalanda University. The display included Buddhist monks and a statue of Lord Buddha. Murals depicted historical contributions in knowledge and democracy. An LED screen showcased the modern Nalanda International University.
Ahead of merger with Disney's Star India, Nita and Akash Ambani join Viacom18 board
Nita Ambani and Akash Ambani have joined the board of Viacom18 as it nears its merger with Walt Disney's Star India. The new board will include representatives from both companies, aiming to create an $8.5 billion media giant. The merger awaits final approval and is expected to bring significant synergies.
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Sensex rises! But these stocks are down 5% or more on BSE
In the Nifty pack, 31 stocks were trading in the green, while 19 stocks were trading in the red.
Paramount to sell its remaining stake in Viacom18 to RIL
Paramount Global is set to sell its remaining 13.01% stake in Viacom18 to Reliance Industries for ₹4,286 crore, valuing the Indian media company at around ₹33,000 crore. The transaction is subject to certain customary conditions, including regulatory approvals. The transaction is also subject to the completion of the proposed joint venture involving RIL, Viacom18, and The Walt Disney Company's Star India.
RIL-Disney deal: Nita Ambani may be named chairperson
Nita Ambani is likely to become the chairperson of the Star India-Viacom18 merged entity, with Uday Shankar as the vice chairperson. The merger deal is expected to be announced soon, and Reliance is set to invest $1-2 billion in the merged entity.
Reliance, Disney may announce Star-Viacom18 merger this week
Reliance Industries and Walt Disney have signed a binding agreement to merge Viacom18 and Star India, creating India's largest media empire. The deal is expected to be announced this week, spanning TV broadcasting, streaming, movies, and sports. Reliance will own 61% of the combined company, with Uday Shankar as the leader.
Reliance's Viacom18 likely to pick up 50% stake in Disney India
The latest agreement between Disney India, Viacom18 and Bodhi Tree will likely see Disney retain 40% of the merged business, with the other 60% split between the other two entities, according to a Wall Street Journal report. Bodhi Tree is reportedly eyeing up a 7-9% stake.
Paramount realises $168 million in non-cash gain from Viacom18 stake dilution
Paramount Global has reported a non-cash gain of $168 million from diluting its stake in Indian media conglomerate Viacom18. In April, Paramount's stake in Viacom18 dropped to 13% after a strategic transaction involving Reliance Industries Limited (RIL) and Bodhi Tree Systems. RIL entities and Bodhi Tree Systems invested Rs 15,145 crore in Viacom18, resulting in Paramount no longer accounting for it under the equity method.
Bodhi Tree raises holding in Viacom18 in '953-cr deal
The company has also roped in Kiran Mani, Google's general manager and managing director for Android and Google Play for APAC, as the head of the company's digital business that includes JioCinema, which streams the popular Indian Premier League.
Comcast tests India waters with Bodhi Tree stake buy
On Wednesday, the Competition Commission of India cleared NBC Universal's acquisition of a stake in BTS Investment 1 Pte Ltd and Bodhi Tree Systems VCC, which are owned by Asia Initiatives Pte Ltd. Asia Initiatives is a joint venture between James Murdoch's Lupa Systems and former Star India chief executive Uday Shankar. Bodhi Tree is a minority shareholder in Reliance Industries-controlled Viacom18, which owns a bouquet of entertainment channels.
James Murdoch's Bodhi Tree slashes planned investment in Reliance JV Viacom18 by 70% to Rs 4,306 crore
Bodhi Tree, a joint venture between James Murdoch and a former Star India executive, has reduced its planned investment in Reliance's broadcast venture Viacom18 by 70%, investing Rs 4,306 crore ($527.84 million). Reliance Industries will lead the investment with a Rs 10,839 crore infusion.
Viacom18 completes strategic partnership with Reliance, Bodhi Tree Systems and Paramount Global
With the completion of the deal, TV18 (owned by Mukesh Ambani) will hold 50.994% equity stake, while Bodhi Tree will have 0.011% stake in the company. Paramount Global will hold 48.994%. RIL group entities will hold on a 60.37%; TV18 – 13.54%; Bodhi Tree –13.08%; Paramount Global – 13.01% on a fully diluted basis, the release said.
CCI clears NBC Universal Media's stake buy in BTS Investment 1, BTS VCC
The proposed combination pertains to acquisition by NBC Universal Media LLC (NBC Universal) of certain shareholding of BTS Investment and BTS VCC. Further, a portion of the proceeds from the investment will be used by BTS Investment for further investment into Viacom18 Media Private Limited (Viacom18), CCI said in a release.
CCI approves merger of Jio Cinema OTT with Viacom18 Media
In April, Reliance Industries Ltd (RIL) and Viacom18 announced a strategic partnership with Bodhi Tree Systems, where Bodhi Tree will invest Rs 13,500 crore in Viacom18 while Reliance Projects & Property Management Services, a wholly-owned subsidiary of RIL, will invest Rs 1,645 crore in the broadcaster as part of the tripartite partnership, to form one of the largest TV and digital streaming firms in India.
Bodhi Tree completes acquisition of 36% stake in Allen Career Institute for $600 mn
Allen is one of India’s largest coaching institutes, preparing students for entrance exams for engineering and medical sciences and for other streams. Founded by Rajesh Maheshwari in 1988, it claims to have a pan-India footprint with a growing presence in the Middle East. At present, it has 138 classroom centres in 46 cities.
Allen’s cofounder warns educators leaving for rival edtech startups, says they will be blacklisted
Allen received an investment of $600 million from Bodhi Tree, a newly formed investment platform by Lupa Systems founder and CEO James Murdoch and Uday Shankar.
Uday Shankar and James Murdoch’s Bodhi Tree invests $600 million in Allen Career Institute
The Maheshwari family-owned Allen Career Institute is arguably India’s largest coaching institute, preparing students for entrance exams in multiple streams.
Gautam Adani, Mukesh Ambani prepare for big battle with Netflix and Amazon
Asia’s two richest men -- Gautam Adani and Mukesh Ambani -- are doubling down on India’s media sector, intensifying competition in an arena where Netflix Inc. and Amazon.com Inc. are also vying for more than a billion viewers.
James Murdoch, Uday Shankar’s Bodhi Tree to invest Rs 13,500 crore in Viacom18
Bodhi Tree Systems will lead a fund raise with a consortium of investors, which will help Viacom18 to bid aggressively for the upcoming media rights of the Indian Premier League (IPL), insiders said.
Uday Shankar, James Murdoch’s Lupa to raise $1.5 bn from Qatar sovereign fund
On January 27, ET reported that Singapore-headquartered Asia Initiatives, a 51:49 joint venture between Shankar and Murdoch's private investment company Lupa Systems, is in advanced talks with ViacomCBS and Reliance Industries, to pick up around a 40% stake in Viacom18, the entertainment network owned by TV18 and ViacomCBS.
Production house Bodhi Tree Multimedia lists on NSE Emerge
Founded in 2013 by Mautik Tolia and Sukesh Motwani, Bodhi Tree raised Rs 3.71 crore from its SME initial public offering and listed its shares on NSE Emerge.
The blood of a traveller running through your veins? Explore Bodhgaya like never before
It was here (Bodhgaya) under a banyan tree, the Bodhi Tree, Gautama attained nirvana and soon be termed as ‘The Enlightened One.
PM Narendra Modi vists Gandan monastery in Mongolia
Prime Minster Narendra Modi today handed over a Bodhi tree sapling to Hamba Lama (Chief Abbott) of the Gandan Tegchilen monastery here in the Mongolian Capital.
Prime Minister Narendra Modi plants Banyan tree sapling at SAARC retreat resort
Modi was seen having one-on-one meetings with Nepalese Prime Minister Sushil Koirala and Afghan President Ashraf Ghani.
'Bodhi' trees gets a place in Vietnam's Presidential palace
Sapling of 'Bodhi' tree from Gaya in Bihar was planted in Vietnam's Presidential palace by President Pranab Mukherjee.
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