Mukesh Ambani-led Reliance Industries has completed the merger of Star Television Productions (STPL), a subsidiary of the company, with JioStar.
On November 14, 2024, Reliance had intimated about the scheme of arrangement for the merger of STPL with Star India, now known as JioStar India, another subsidiary of the company.
Jiostar–STPL merger becomes effective
“JioStar has, on November 30, 2025 at 6:09 pm (IST), informed the Company that the said scheme has become effective from November 30, 2025, and STPL stands merged with JioStar,” Reliance Industries informed in a regulatory filing.
STPL owns the ‘STAR’ brand and licenses it to group companies. JioStar is the joint venture created after the merger of the media business of Reliance and the India business of global media giant Walt Disney in November 2024. The combined company was valued at $8.5 billion.
JioStar Q2FY26
In Q2FY26, JioStar reported revenues of Rs 7,232 crore, and profit after tax of Rs 1,322 crore. It had launched JioHotstar after the merger of two leading OTT platforms — JioCinema and Disney+ Hotstar –in February this year.
Reliance Industries share price
The share price of Reliance Industries has increased 28.2% so far this year.