.2 minutes checked out Final Upgraded: Sep 28 2024|10:01 PM IST.On Saturday, the Administrative Agency of Details and Broadcasting approved Reliance Industries Limited (RIL) commendation for the transactions of licenses for non-news and also present undertakings television channels. As a result, the channels possessed through Viacom 18 Media Pvt Ltd will be actually transferred to Superstar India Private Limited. This merger will definitely move on under the provisions stated due to the Competitors Commission of India (CCI).This selection is part of an important joint project in between Dependence Industries Ltd and Disney. RIL mentioned that the government's commendation was offered through an order outdated September 27, 2024, complying with a media release entitled "Reliance as well as Disney Announce Strategic Junction Project to Unite the Most Engaging and also Engaging Amusement Brands in India," originally issued on February 28, 2024..The CCI authorized the Rs 70,350-crore merger in between RIL and Disney's Indian media resources on August 28, 2024. The Mumbai bench of the National Company Regulation Tribunal (NCLT) gave its approval for the Viacom18-Star India merger on August 30. Click on this link to get in touch with our team on WhatsApp.
The Reliance-Disney collaboration is going to take on Sony, Netflix, and also Amazon, offering 120 TV networks and two streaming solutions.The merging is prepared for to become finalised in the final one-fourth of 2024 or even the 1st one-fourth of 2025.
Very First Posted: Sep 28 2024|9:50 PM IST.