NCLT approves merger of Star Television Productions with Jio Star
MUMBAI: The National Company Law Tribunal (NCLT), Mumbai, has cleared the cross-border merger of Star Television Productions Limited (STPL), registered in the British Virgin Islands, with its Indian affiliate, Star India Private Limited (SIPL), now known as Jio Star India.
Jio Star India, a joint venture between Reliance Industries Ltd (RIL) and Disney, was created in November 2024 through the merger of Star India and Viacom18. The combined company was valued at $8.5 billion.
In its September 26 order, the tribunal approved the merger under sections 230–232 of the Companies Act, calling it “fair, reasonable and not in violation of any provisions of law”.
