Viacom18-Star India merger: MIB okays transfer of non-news channel licences
Viacom18 can now transfer licences of non-news and current affair TV channels to Star India
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Published: Sep 30, 2024 8:02 AM | 1 min read
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The Ministry of Information and Broadcasting has granted its approval for transfer of licences relating to non-news and current affair TV channels held by Viacom18 to Star India.
The transfer will, however, be subject to conditions laid down by the Competition Commission of India (CCI).
Earlier this month, the Mumbai bench of the National Company Law Tribunal (NCLT) sanctioned the merger scheme between Walt Disney’s Star India and Reliance Industries Limited’s Viacom18.
CCI also has given its approval to the merger end of August. The green light from CCI, however, comes with a caveat that the companies must comply with certain voluntary modifications to address potential competition concerns.
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