NCLT Greenlights Merger of Star Television Productions and Jio Star

The National Company Law Tribunal (NCLT), Mumbai Bench, has approved a significant cross-border merger involving Star Television Productions Limited (STPL), headquartered in the British Virgin Islands, and its Indian counterpart, Star India Private Limited, now rebranded as Jio Star India Private Limited. 

The approval was granted under Sections 230 to 232 and Section 234 of the Companies Act, 2013, as well as the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016.

Key Highlights of the Tribunal’s Approval

During the merger proceedings, the NCLT noted that there were no objections from creditors, regulators, or other stakeholders. In fact, the unsecured creditors of STPL had unanimously backed the scheme in advance. Based on this, the tribunal declared the merger fair, reasonable, and compliant with all statutory requirements.

The tribunal has directed that the effective date of the scheme will also be treated as the appointed date, marking the commencement of the integration. Jio Star India must now submit a certified copy of the NCLT order, along with the approved scheme, to the Registrar of Companies, Maharashtra, using e-Form INC-28 within 30 days of either the order being certified or the scheme coming into effect.

Share Exchange and Strategic Rationale

As part of the merger arrangement, shareholders of STPL will receive 143 equity shares of Jio Star India, each with a face value of ₹10, for every one equity share of STPL valued at USD 1. This exchange structure is intended to unify ownership while simplifying the group’s international operations.

The consolidation aims to streamline the corporate structure, cut costs, and improve operational efficiency by absorbing the offshore entity into the Indian business. Jio Star India, which now manages more than 100 television channels under prominent brands such as Star and Colors, as well as leading streaming platforms like JioCinema and Disney+ Hotstar, is expected to benefit from a stronger and more unified foundation.

Read More: NCLT Clears Tata Motors’ Plan to Demerge PV and CV Divisions from October 1, 2025!

Conclusion 

The NCLT’s approval of this cross-border merger underscores the group’s strategy to simplify its structure and focus on operational synergies within India. By consolidating media assets under Jio Star India, the company is well-positioned to strengthen its leadership in the fast-evolving Indian entertainment and digital streaming sector.

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