TV18 Broadcast Share Price: Stock surges over 13% in trade after CCI approves Reliance-Disney merger

After receiving approval from the Competition Commission of India (CCI) for its $8.5 billion mega-merger with Disney’s entertainment and media assets in India, TV18 Broadcast’s shares jumped more than 13% to a day high of Rs 54.29 on the NSE on Thursday.

TV18 Broadcast shares opened at ₹50.60, higher than its previous close of ₹47.91. During the early trading session, it reached a high of ₹54.29 and a low of ₹49.65.

The proposed merger combines Viacom18 Media, a joint venture between TV18 and ViacomCBS, with the local operations of Disney’s entertainment and sports networks. Once completed, the merged firm would produce one of the largest entertainment networks in India.