Reliance, Disney and Viacom18 complete ₹70,352-crore media merger; Nita Ambani named chairperson
The merger integrates Viacom18’s media and JioCinema businesses into Star India Private Ltd (SIPL), forming a new joint venture. Nita Ambani will be the chairperson of the JV, with Uday Shankar, as vice chairperson, providing strategic guidance to the JV. Shares of Reliance Industries Ltd ended at ₹1,267.70, up by ₹15.45, or 1.23%, on the BSE.
The merger integrates Viacom18’s media and JioCinema businesses into Star India Private Ltd (SIPL), forming a new joint venture. Nita Ambani will be the chairperson of the JV, with Uday Shankar, as vice chairperson, providing strategic guidance to the JV. Shares of Reliance Industries Ltd ended at ₹1,267.70, up by ₹15.45, or 1.23%, on the BSE.
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