Walt Disney Company, which operates several entertainment and sports channels in India, may sell part of its stake in its India business to private equity firms or local rivals looking to expand their footprint, according to investment bankers.
The Wall Street Journal reported on Tuesday that Walt Disney is looking for strategic options for
India, including a joint venture or a sale of its India business, in a sign of strain at the company. Bankers said Reliance Industries -- which owns TV18 Broadcast and JioCinema -- is likely to be one of the suitors for the company, considering it is