Reliance MediaWorks Limited, on Wednesday, announced the signing of a term sheet to get an investment of Rs.605 crore from an international private equity fund. In return, the potential investor, whose details were not revealed as of now, will acquire a substantial minority stake in Reliance MediaWorks’ Film and Media Services division.
Reliance MediaWorks and the potential investor have agreed to exclusivity for the next 90 days, during which period the company will not initiate talks with any other investor.
