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Reliance Industries Limited, Viacom 18 Media Private Limited (Viacom18) and The Walt Disney Company announced the signing of binding definitive agreements to form a joint venture that will combine the businesses of Viacom18 and Star India. According to a joint press release, as part of the transaction, the media undertaking of Viacom18 will be merged into Star India Private Limited through a court-approved scheme of arrangement.