Reliance Industries Limited, Viacom 18 Media Private Limited and The Walt Disney Company announced that the merger of Viacom18’s media and JioCinema businesses with Star India Private Limited is now a process, following approval from NCLT Mumbai, Competition Commission of India and other regulatory authorities. valid (“Joint Venture”). Additionally, RIL has invested ₹11,500 crore in the joint venture for its growth. The joint venture allotted shares to Viacom18 and RIL in exchange for assets and cash respectively. The transaction values ​​the joint venture at ₹70,352 crore on a post-money basis, excluding synergies. At the closing of the above transactions, the joint venture is controlled by RIL and is 16.34% owned by RIL, 46.82% by Viacom18 and 36.84% by Disney. Nita Ambani will be the Chairman of the joint venture and Uday Shankar will be the Vice Chairman of the joint venture. Watch BT Magazine Exclusive Interview where Reliance-Disney Media JV Vice Chairman Uday Shankar chats with Business Today Editor Siddharth Zarabi and Business Today Editor-in-Chief Krishna Gopalan.