Paramount Global and QIA-backed Bodhi Tree completed a $528m investment in Reliance Industries-backed Viacom18.

Paramount Global and QIA-backed Bodhi Tree, an investment company, completed a $528m investment in Reliance Industries-backed Viacom18, a media company. Reliance, which is expanding in every sector from retail to e-commerce, made a big splash in the Indian streaming space last year, with its acquisition of digital streaming rights for the Indian Premier League T20 cricket tournament from 2023 to 2027.