Reliance and disney announce completion of transaction to form joint venture to bring together the most iconic and engaging entertainment brands in india

Mumbai, india & burbank, calif.--(business wire)--reliance industries limited (“ril”), viacom 18 media private limited (“viacom18”) and the walt disney company (nyse:dis) ( “disney”) today announced that following the approval by the hon'ble nclt mumbai, competition commission of india and other regulatory authorities, the merger of the media and jiocinema businesses of viacom18 into star india private limited (“sipl”) has become effective (the “jv”). in addition, ril has invested ₹ 11,500 cror.
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