September 18, 2024 16:48 (IST)
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After CCI, NCLT Mumbai approves Reliance-Disney merger

After CCI, NCLT Mumbai approves Reliance-Disney merger

Mumbai: Following approval from the chief national competition regulator, the Mumbai bench of the National Company Law Tribunal (NCLT) has cleared the mega merger between Reliance-promoted Viacom18 and Walt Disney-owned Star India, paving the way for the creation of the country’s largest media empire, valued at over Rs 70,000 crore, media reports said.

CCI approves Reliance-Disney India merger

CCI approves Reliance-Disney India merger

New Delhi: India's anti-trust regulator has approved Reliance Industries Ltd's Rs 70,350 crore merger with Disney's Indian media assets, subject to specific voluntary modifications, paving the way for a media giant.