Viacom18-Star India merger to be finalised by Q3 FY25
By Staff Writer in Media News on Tuesday, 15th October 2024 at 9:32pmViacom18 and Star India Private Limited are progressing towards finalising their merger by the third quarter of FY25. The merger aims to create a robust entity of the two media giants, to compete against major players in the streaming sector.
Viacom18 and Star India Private Limited have obtained key approvals from the Competition Commission of India for their proposed transaction. The companies also received the National Company Law Tribunal, Mumbai Bench’s sanction for the Scheme of Arrangement.
The merger of TV18 Broadcast Ltd. (TV18), and e-Eighteen.com Ltd. (E18) with Network18 Media & Investments Ltd. (Network18) through a Scheme of Arrangement was sanctioned by the National Company Law Tribunal, Mumbai Bench and was made effective on October 3, 2024.
According to a reg...
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