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      • Under the terms of the agreement Viacom18’s media operations will be merged with Star India Ltd through a court-approved scheme of arrangement. The joint venture, valued at Rs 70,350 crore ($8.5 billion) on a post-money basis, will see Reliance Industries injecting Rs 11,500 crore ($1.4 billion) into the venture to support its growth strategy.
      www.moneycontrol.com/news/business/reliance-secures-govts-approval-for-transfer-of-viacom18s-non-news-and-current-affairs-tv-channels-licenses-to-star-india-12831523.html

      Reliance secures Govt's approval for transfer of Viacom18's ...

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  4. economictimes.indiatimes.com › industry › mediaReliance's Viacom18-Disney merger: Govt approves transfer of ...

    20 hours ago · The merger of the media assets of Reliance Industries and The Walt Disney Co. will create the country's largest media empire worth over Rs 70,000 crore. Earlier, the CCI had said it had cleared the "proposed combination involving Reliance Industries Ltd, Viacom18 Media Pvt Ltd, Digital18 Media Ltd, Star India Pvt Ltd and Star Television Productions Ltd, subject to the compliance of voluntary modifications".

  5. www.moneycontrol.com › news › businessReliance secures Govt's approval for transfer of Viacom18's ...

    1 day ago · Reliance Industries first disclosed on February 28, 2024, that Viacom18, a subsidiary of the company, would merge with Star India, Disney’s Indian unit, to create India’s largest television ...

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  7. www.hindustantimes.com › business › reliances-viacomReliance's Viacom18 gets govt approval for non-news, current ...

    1 day ago · Reliance gets the government's approval to transfer Viacom18's non-news and current affairs TV channels licenses to Star India as part of their merger Reliance Industries Ltd announced on Saturday ...

  8. yourstory.com › 2024 › 09Reliance's Viacom18-Disney merger: Govt approves transfer of ...

    1 day ago · On August 30, the NCLT approved the scheme of merger of Viacom18 Media and Digital 18 Media, holding media and entertainment assets of Reliance Industries, with Star India. The scheme had proposed ...

  9. timesofindia.indiatimes.com › business › indiaRIL to merge Viacom18 with Disney's Star in $8.5bn deal

    Feb 29, 2024 · RIL-owned Viacom18 will be merged with Walt Disney's local arm Star India, strengthening the Reliance's hold over the country's $28-billion media and entertainment industry. Reliance, along with Viacom18, will own 63% in the merged entity, while Disney will hold the remaining 37%.

  10. economictimes.indiatimes.com › markets › stocksRIL signs deal with Disney to merge Viacom18 and Star India

    Feb 28, 2024 · Reliance Industries has signed a binding agreement with Disney to form a joint venture that will combine the businesses of Viacom 18 and Star India. The deal, which has been in the works for months, will create a media behemoth across TV broadcasting, streaming, movies and sports.

  11. thewaltdisneycompany.com › reliance-and-disneyReliance And Disney Announce Strategic Joint Venture To Bring ...

    Feb 28, 2024 · As part of the transaction, the media undertaking of Viacom18 will be merged into Star India Private Limited (“SIPL”) through a court-approved scheme of arrangement. In addition, RIL has agreed to invest at closing ₹11,500 crore (~US$ 1.4 billion) into the JV for its growth strategy.