The merger of Reliance Industries’ media assets with Walt Disney’s Indian operations is expected to be finalized in the third quarter of this fiscal year, according to a regulatory filing by Reliance. The Competition Commission of India (CCI) and the National Company Law Tribunal (NCLT) have already approved the merger of Viacom18 and Star India.
Reliance and its affiliates will hold a 63.16% stake in the merged entity, which will include two streaming platforms and 120 TV channels, while Disney will retain a 36.84% stake. Nita Ambani will chair the new media venture, and Uday Shankar will serve as vice-chairperson. The transaction is expected to be completed by Q3 FY25.