• India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
More
InspirationalCareerBengaluruDelhiMumbai
Hindi Tamil Telugu
More
In the news
Narendra Modi
Amit Shah
Box Office Collection
Bharatiya Janata Party (BJP)
OTT releases
Hindi Tamil Telugu
User Placeholder

Hi,

Logout

India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
Home / News / Business News / Reliance-Disney merger to be completed by Q3 FY25
Summarize
Next Article
Reliance-Disney merger to be completed by Q3 FY25
The merger will create India's largest media conglomerate, valued at over ₹70,000 crore

Reliance-Disney merger to be completed by Q3 FY25

By Mudit Dube
Oct 15, 2024
01:57 pm

What's the story

The merger of Reliance Industries's media assets with Walt Disney's India business is on track, with an anticipated completion by the end of the third quarter of fiscal year 2025.

The Mukesh Ambani-led Reliance group revealed this in a recent regulatory filing.

The Competition Commission of India (CCI) has already approved the merger of Viacom 18 and Star India, while the National Company Law Tribunal (NCLT) has sanctioned the scheme.

Merger approval

NCLT approves merger of Reliance's media entities

The NCLT has approved the merger of Reliance group's TV18 Broadcast and E18 with Network18 Media & Investments, effective October 3.

Further, on September 27, the Indian government greenlit the transfer of licenses for non-news and current affairs TV channels held by Reliance Industries's media entities to Star India.

Both parties are now in the final stages of the merger, making adjustments to comply with CCI directives.

You're
33%
through

Scheme details

Merger scheme involves transfer of media operations

The merger scheme, approved by the NCLT on August 30, involves the transfer of media operations from Viacom18 and JioCinema to Digital18.

This will be followed by the demerger and transfer of V18 Undertaking from Digital18 to Star India.

The merger will create India's largest media conglomerate, valued at over ₹70,000 crore (approximately $8.5 billion).

The combined entity will hold two streaming services and 120 television channels.

You're
66%
through

Investment plans

Reliance Industries to invest ₹11,500 crore in joint venture

While Reliance Industries and its affiliates will hold 63.16% of the new entity, Walt Disney will own the remaining 36.84%.

To make it more competitive against the likes of Sony and Netflix, Reliance Industries has promised to pump in nearly ₹11,500 crore (about $1.4 billion) into the joint venture.

Nita Ambani, wife of Mukesh Ambani, will head the joint venture with Uday Shankar as vice-chairperson.

Done!
Facebook
Whatsapp
Twitter
Linkedin
Related News
Latest
Mukesh Ambani
Netflix
Nita Ambani
Reliance Group

Latest

'Kankhajura' review: Roshan Mathew-Mohit Raina are show-stealers in sharp crime-drama Mohit Raina
Jayden Seales claims 4/84 versus England in 1st ODI: Stats West Indies Cricket Team
Jacob Bethell slams whirlwind 82 versus WI in 1st ODI England Cricket Team
Phil Salt slams his 50th fifty-plus score in T20s: Stats Indian Premier League (IPL)

Mukesh Ambani

Meet Jayasri Burman: Artist behind Radhika Merchant's custom hand-painted 'lehenga' Rhea Kapoor
Anant-Radhika's wedding: Video captures Boris Johnson dancing with AP Dhillon Bollywood
Mumbai Police takes extra precaution after 'bomb…at Ambani's wedding' post  Mumbai Police
Anant-Radhika's 'Mangal Utsav': Stunning 'Ramayan' decor you have to see! Weddings

Netflix

'CTRL' review: Ananya leads largely engaging, creative thriller Movie Review
Emraan Hashmi might lead Neeraj Pandey's Netflix series Emraan Hashmi
Ananya Panday's 'CTRL' almost had a different ending Ananya Panday
OTT: Akshay's 'Khel Khel Mein' to premiere on this day Akshay Kumar

Nita Ambani

Watch: T20 WC Champs get surprise tribute during Anant-Radhika's 'sangeet' Mukesh Ambani
Justin Bieber bonds with Ambanis! Inside pictures capture 'sangeet' fun Justin Bieber
Inside pictures: Radiant Radhika joins Anant for 'grah shanti pooja' Mukesh Ambani
'Refused to attend Ambani wedding; it's a circus': Aaliyah Kashyap Aaliyah kashyap

Reliance Group

Reliance Capital's AGM and its seven big takeaways Anil Ambani
Zee snags Reliance Group's radio and television businesses India
Reliance Communications looks to sell 133 acre IT park India
R-Infra will participate in bullet train project, says Anil Ambani India
Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin
All rights reserved © NewsBytes 2025