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Reliance Media Denies Report of Buying Majority Stake in Inox

Billionaire Anil Ambani’s Reliance MediaWorks Ltd. denied an Economic Times report that said the company has offered to buy a majority stake in Inox Leisure Ltd.

The company denies “any discussions by Reliance MediaWorks or any offer by us to acquire any controlling stake in Inox,” it said in an e-mailed statement in Mumbai today.

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