After CCI, Viacom18-Star India merger gets NCLT nod

The Mumbai bench of the National Company Law Tribunal (NCLT) on Friday cleared the Viacom18 and Star India merger deal, days after the Competition Commission of India (CCI) approved the transaction, valued at `70,000 crore ($8.5 billion), with modifications.

A two-member bench comprising Justices Kishore Vemulapalli and Anu Jagmohan Singh approved the composite scheme of arrangement among Viacom18, Digital18, both part of the Reliance (RIL) group, and Star India, a unit of global media giant The Walt Disney Company.