On Wednesday, the Competition Commission of India approved the merger of Reliance Industries’ and Walt Disney Co’s media assets, forming the largest media conglomerate in the country, valued at over Rs 70,000 crore. The deal, which was announced six months ago, had been under scrutiny by the anti-trust regulator. The approval came after the parties involved proposed modifications to the original transaction structure.
In a post on X, the regulator stated it has cleared the “proposed combination involving Reliance Industries Limited, Viacom18 Media Private Limited, Digital18 Media Limited, Star India Private Limited, and Star Television Productions Limited, contingent upon adherence to voluntary modifications.”