Reliance Industries finally consolidated one of Indian television’s most recognisable brands, completing the merger of Star Television Productions Ltd (STPL) with Jiostar India, its media joint venture with Walt Disney’s India business.
STPL, a Reliance subsidiary that owns the STAR brand and licenses it across group companies, now stands fully merged into Jiostar, in a bid to simplify ownership of its marquee television label across TV channels and digital offerings.
Despite the news, market reaction was muted, with RIL shares slumping 1 per cent in the morning session.
In a regulatory filing on Monday night, Reliance informed stock exchanges that this step follows its November 2024 disclosure, when it had announced a scheme of arrangement to merge STPL with Star India, which has since been renamed Jiostar India Private Limited.
“This is further to our disclosure dated November 14, 2024, wherein we had intimated about the scheme of arrangement for merger of Star Television Productions Limited (‘STPL’), a subsidiary of the Company with Star India Private Limited (now known as Jiostar India Private Limited) (‘Jiostar’), another subsidiary of the Company,” the company said in its filing to BSE and NSE.
The filing added that “Jiostar has, on November 30, 2025, at 6.09 pm, informed the Company that the said scheme has become effective from November 30, 2025, and STPL stands merged with Jiostar.” The regulatory filings were also marked to the Luxembourg Stock Exchange and the Singapore Exchange.
The move comes a year after Reliance and Walt Disney closed their high-stakes deal to combine Reliance’s media assets with Disney’s India business into Jiostar in November last year, bringing the JV value to around $8.5 billion.
Since then, Jiostar has emerged as India’s largest media and entertainment platform, posting Rs 7,232 crore in revenue and Rs 1,322 crore in profit after tax in the recently reported September 2025 quarter.
Jiostar launched JioHotstar in February 2025, merging JioCinema and Disney+ Hotstar into a single streaming platform.
