NCLT Approves Merger of Viacom 18, Star India After CCI Nod

The NCLT on Friday approved the scheme of merger of Reliance Industries-owned Viacom 18 Media — the holding company of the group’s media and entertainment assets — with Star India. A two-member bench of the National Company Law Tribunal (NCLT) approved the composite Scheme of Arrangement among Viacom 18, Digital18 and Star India, a unit of global media giant The Walt-Disney.

The development comes two days after the Competition Commission of…