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- The tribunal's Mumbai bench has admitted the merger scheme. The merger scheme entails a multi-stage process. Firstly, Viacom18's TV and streaming assets will be transferred to Digital18, its wholly-owned subsidiary. Subsequently, these assets will be demerged and vested from Digital18 to Star India.
www.livelaw.in/ibc-cases/nclt-mumbai-approval-viacom18-star-india-merger-scheme-258514NCLT Grants Approval For Viacom18 And Star India Merger Scheme
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What is Viacom18 merger plan?
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What is Viacom18's JioCinema transfer scheme?
May 17, 2024 · The merger plan consists of two phases: The transfer of Viacom18's TV and streaming assets to Digital18, followed by the demerger and vesting of these assets from Digital18 to Star India, according to ET.
May 23, 2024 · The proposed scheme involves, (1) transfer of Media Operations Undertaking from Viacom18 to Digital18, (2) transfer of Jio Cinema Undertaking from Viacom18 to Digital18 and (3) demerger, transfer and vesting of V18 Undertaking from Digital18 into Star India.
5 days ago · Recently, the Mumbai bench of the NCLT admitted the merger scheme of Viacom18 and its wholly-owned subsidiary Digital18 with Star India, marking the first step towards completion of the deal. Viacom18 is set to transfer JioCinema and its media operations to Digital18 for Rs 24,186 crore and Rs 2,769 crore, respectively.
T he Mumbai bench of the National Company Law Tribunal (NCLT) has approved the initial phase of the merger between Reliance Industries Ltd’s (RIL) Viacom18, its subsidiary Digital18,...
6 days ago · As part of the Scheme, Digital18 will issue shares to Viacom18 for the transferred undertakings, and Star India will issue shares to Digital18 shareholders and Reliance Industries Limited (RIL). The NCLT noted shareholder consent and admitted the merger scheme.
May 21, 2024 · The merger scheme entails a multi-stage process. Firstly, Viacom18's TV and streaming assets will be transferred to Digital18, its wholly-owned subsidiary. Subsequently, these assets will...
The Mumbai bench of the National Company Law Tribunal has admitted the merger scheme between Reliance Industries Ltd’s Viacom18, its wholly-owned subsidiary Digital18 and Walt Disney’s Star India, marking the first step towards completion of the mega-merger deal.
