Reliance Industries and Disney India to Complete Merger by 3Q FY25, Shares Soar Over 9%

Reliance Industries and Disney India are set to complete their merger of media assets by the end of the third quarter of FY25, according to a regulatory filing by Reliance Industries. This merger has led to a significant rise in the shares of Network18 Media and Investments and TV18 Broadcast, which soared up to over 9% in intraday trade on the NSE. The merger is part of a broader strategy by Reliance Industries, led by billionaire Mukesh Ambani, to expand its media footprint in India.