Reliance will hold a 16.34% direct stake, while Viacom18 will own 46.82% and Disney 36.84%.
The National Company Law Tribunal (NCLT) in Mumbai has cleared the cross-border merger of Star Television Productions Limited (STPL), registered in the British Virgin Islands, with its Indian arm Star India Private Limited (SIPL), which has now been renamed Jio Star India , The Economic Times reported.
In its September 26 order, the tribunal approved the merger under Sections 230–232 of the Companies Act, describing it as “fair, reasonable, and compliant with the law.”
Jio Star-Star India Merger
The deal gives brand ownership and operations under the unified Jio Star umbrella. On September 24, 2024, the boards of both companies had already signed off on the plan. As part of the arran