James Murdoch, Uday Shankar lead $1.8b investment in India's Viacom18

James Murdoch, Uday Shankar lead $1.8b investment in India's Viacom18

Media Mogul Rupert Murdoch poses for a photograph with his sons Lachlan (L) and James as they arrive at St Bride's church for a service to celebrate the wedding between Murdoch and former supermodel Jerry Hall which took place on Friday, in London, Britain March 5, 2016. REUTERS/Peter Nicholls

An investment company set up by Rupert Murdoch’s son James and former Disney India executive Uday Shankar said on Wednesday it will invest $1.8 billion in Reliance Industries’ broadcasting business Viacom18.