Reliance Industries Ltd. announced on Monday that the merger of Star Television Productions Ltd. (STPL) with Star India Private Ltd. (now known as Jiostar India Private Ltd.) has become effective.
Background and Details:
- The company had previously disclosed the scheme of arrangement for this merger on November 14, 2024.
- Jiostar informed Reliance Industries that the merger officially took effect on November 30, 2025, at 6:09 PM IST.
- As a result, Star Television Productions Ltd. now stands merged into Jiostar India Private Ltd.
Both entities are subsidiaries of Reliance Industries.
Market Reaction:
Shares of Reliance Industries ended Monday’s session nearly flat at ₹1,566.10, down 0.048% on the BSE.