The Indian business tycoon Mukesh Ambani has invested a lump sum amount of Rs 413.28 Crores in well known producer Ekta Kapoor’s Balaji ALT. The Balaji telefilms will now also be part of the Reliance Industry Limited.

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Reliance Industry Limited (RIL) has acquired 24.92 per cent stakes in television queen Ekta Kapoor’s Balaji Telefilms for the above mentioned sum. Apparently this joint venture will boost up the ratings of Reliance Jio Network and also Balaji Telefilms. This collaboration is also a landmark event for the web content development industry.