NCLT approves merger of TV18 & E18 into Network18
The National Company Law Tribunal (NCLT) has approved the merger of TV18 and E18 into Network18 Media and Investments, a company backed by Reliance Industries Ltd (RIL). This significant development comes just ahead of the highly anticipated merger between Disney Star India and RIL’s Indian media business.
According to The Economic Times, the merger has already received clearances from both the Competition Commission of India (CCI) and the NCLT, moving it one step closer to completion. TV18, a publicly listed company, currently holds a 13.54% stake in Viacom18, which is merging with Disney’s Star India. On the other hand, E18, a privately held subsidiary of Network18, operates the popular financial news platform Moneycontrol.
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Once the merger is fully approved by the Ministry of Information and Broadcasting (MIB), both TV18 and E18 will be absorbed into Network18, effectively ceasing to exist as separate entities.
