Reliance Industries Seeks CCI Approval for Viacom18-Star India Merger

  • Billionaire Mukesh Ambani-promoted Reliance Industries seeks CCI approval for the USD 8.5-billion merger of Viacom18 and Star India Pvt Ltd (SIPL). 
  • The merger aims to combine Viacom18’s entertainment businesses and Star India Pvt Ltd’s wholly-owned subsidiary, SIPL. 
  • SIPL will become a joint venture jointly held by RIL, Viacom18, and existing TWDC subsidiaries.
Posted in Current Affairs.