The government has approved the transfer of licence relating to non-news and current affairs TV channels held by the media entities of billionaire Mukesh Ambani-led Reliance Industries to Star India . According to regulatory filings by Reliance Industries and TV18 Broadcast, the Ministry of Information and Broadcasting granted the approval in an order dated September 27. "The Ministry of Information and Broadcasting, Government of India, vide its order dated September 27, 2024, has granted its approval for transfer of Licenses relating to Non News & Current Affairs TV channels held by Viacom18 Media Private Limited in favour of Star India," it said.
This would be "subject to conditions laid by the Competition Commission of India". Viacom18 is the holding company that owns the media and entertainment business of Reliance Industries and Bodhi Tree Systems . Now, both sides are in the final stages of the merger, making some adjustments to the business as per the directions of the Competition Commission of India (CCI).
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