Mega Merger in Media: Reliance and Disney's Grand Alliance

The merger between Reliance Industries' media assets and Disney's India business is nearing completion. Regulatory bodies, including the Competition Commission of India, have approved the move. The merger, creating India's largest media empire, involves significant investments and will see Reliance holding a majority stake.

Reliance Industries and Disney's India business are on the verge of finalizing a substantial merger by the end of the fiscal third quarter, as per a regulatory statement from the Mukesh Ambani-led conglomerate.

The merger brings together Viacom18 and Star India, receiving green lights from the Competition Commission of India and the National Company Law Tribunal. Reliance plans to invest heavily, bolstering its position against competitors like Sony and Netflix.

The culmination of this merger will see Reliance hold a 63.16 percent stake, establishing the largest media empire in India, with Nita Ambani set to lead the joint venture alongside Uday Shankar.

(With inputs from agencies.)