NCLT grants final approval for merger of TV18 and E18 into Network18

The Mumbai bench of the National Company Law Tribunal (NCLT) has granted its final approval for the merger of TV18 Broadcast and e-Eighteen.com (E18) into Network18 Media and Investments, a company backed by Reliance Industries Ltd (RIL), according to a report by The Economic Times.

This approval comes ahead of a larger consolidation effort, with RIL’s Indian media businesses merging with Walt Disney’s operations to form the country’s biggest media and entertainment entity. The merger recently received clearances from both the Competition Commission of India (CCI) and the NCLT.