Mumbai: Walt Disney-owned Star Group Limited, based in the Cayman Islands, infused Rs 123 crore in foreign direct investment (FDI) into JioStar India, formerly known as Star India, under the Reserve Bank of India's automatic route during the quarter ended March, according to data from the Department for Promotion of Industry and Internal Trade (DPIIT).JioStar India is a joint venture between Reliance Industries Limited (RIL), Walt Disney and Bodhi Tree Systems, with RIL holding a 56% stake, Disney 37% and Bodhi Tree Systems 7%.Also Read: JioStar losses weigh less on Disney as India JV performance improvesThe latest infusion follows Disney's investments of Rs 2,839 crore in the first quarter of 2024-25 and Rs 1,008 crore in the third quarter of 2024-25 through Star US Holdings Subsidiary LLC. The two investments accounted for the largest FDI inflows into India's information and broadcasting sector during the respective quarters, taking Disney's total investment in Star India to Rs 3,847 crore in 2024-25.Disney recently reported an equity loss of $64 million from its India joint venture for the quarter ended March 28, down from $103 million a year earlier. For the six-month period, the loss narrowed to $92 million from $136 million.Also Read: Reliance-Disney launch legal battle against Indian TV rival Zee over Bollywood filmsThe information and broadcasting sector attracted Rs 1,213 crore in FDI during the January-March quarter. During the period, the DPIIT also approved a Rs 418 crore FDI investment in Zee Entertainment by OFI Global China Fund LLC, an investment fund owned by Invesco.
Disney pumps Rs 123 crore into JioStar India in fresh FDI
Walt Disney's Star Group injected Rs 123 crore into JioStar India via FDI, bolstering the Reliance-Disney joint venture. This follows substantial prior investments by Disney, totaling Rs 3,847 crore in the current fiscal year. Despite reporting equity losses from the venture, Disney's continued financial commitment highlights its strategic interest in the Indian media landscape. The information and broadcasting sector saw significant FDI inflows during the quarter.






