CCI approves Reliance-Disney merger; Ambani sees 'new era'

Mukesh Ambani hailed the CCI-approved merger of Reliance Industries and Disney as a new era for India’s entertainment industry. The deal creates a media giant worth over Rs 70,000 crore, combining Disney Hotstar and Jio Cinema, with Reliance holding a 63.16% stake and investing Rs 11,500 crore.