Mumbai: Media sources have revealed that Bodhi Tree Systems, co-founded by Uday Shankar and James Murdoch, has increased its ownership in Viacom18 by an additional 2.89 per cent.

The acquisition, valued at Rs 953.23 crore, has elevated Bodhi Tree Systems' stake in Viacom18 to 15.97 per cent.

Uday Shankar, who joined the Viacom18 board in April, is reportedly working on assembling a fresh leadership team, according to reports.