Reliance Industries and Walt Disney merger approved by Competition Commission of India

The Competition Commission of India (CCI) has approved the merger between Reliance Industries-promoted Viacom18 and Walt Disney-owned Star India. This merger is set to create India's largest media and entertainment firm. Integration will start soon, with Reliance holding a 56% stake, while Disney and Bodhi Tree Systems will own 37% and 7%, respectively.
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