Reliance and Disney finalise Viacom18 and Star India merger, launching India’s largest media venture

Reliance Industries Limited (RIL), Viacom18 Media Private Limited, and The Walt Disney Company have announced the completion of a merger between Viacom18’s media and JioCinema businesses with Star India Private Limited (SIPL) following approvals from the National Company Law Tribunal (NCLT) Mumbai, the Competition Commission of India (CCI), and other regulatory bodies. RIL has invested Rs 11,500 crore (approximately $1.4 billion) into the joint venture, valuing it at Rs 70,352 crore (around $8.5 billion) on a post-money basis.