After CCI, NCLT Mumbai clears merger deal between Viacom18 and Star India
The Mumbai bench of NCLT has approved the merger of RIL’s Viacom 18 and The Walt Disney’s Star India, creating the largest media house in India. This follows the Competition Commission of India’s approval. Reliance will hold a 63.16% stake, while Walt Disney will hold 36.84%. The venture will include two leading OTT platforms and 120 TV channels.
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