Reliance Industries Ltd (RIL) traded lower on Tuesday despite completing the merger of its subsidiary Star Television Productions with Jiostar. The update was shared through fresh regulatory filings that detailed the status of the company’s media and retail restructuring activities.
On November 14, 2024, the company had announced the scheme of arrangement for merging Star Television Productions with Star India, now known as Jiostar India. In its latest filing, Reliance said that Jiostar informed the company on November 30, 2025, that the scheme had become effective and Star Television Productions now stands merged with Jiostar. The subsidiary owns the STAR brand and licenses it to group companies.
Jiostar was created after the merger of Reliance’s media business with the India business of a global entertainment major in November 2024. The combined entity was valued at 8.5 billion dollars. It is now one of the country’s largest media platforms and reported revenue of 7,232 crore rupees and a profit after tax of 1,322 crore rupees in the September quarter. Earlier this year, the platform launched JioHotstar after bringing together two major OTT services, JioCinema and Disney Hotstar.
Reliance Retail has also completed an internal restructuring to transfer its consumer business to a new entity called New Reliance Consumer Products. The new company is now a direct subsidiary of Reliance Industries, which will hold an 83.56 percent stake. The restructuring was carried out under a scheme of arrangement between Reliance Retail, Reliance Retail Ventures and their stakeholders. The FMCG brands business of Reliance Retail has been shifted to New Reliance Consumer Products, and the previous subsidiary Reliance Consumer Products stands dissolved from December 1, 2025.
As part of the restructuring, shareholders of Reliance Retail Ventures will receive one fully paid equity share of New Reliance Consumer Products for every two shares they hold in Reliance Retail Ventures. After allotment, the earlier share capital of the new entity will be cancelled and New Reliance Consumer Products will become a direct subsidiary with Reliance Industries holding 83.56 percent.
Despite these updates, Reliance Industries’ stock dropped as much as 1.56 percent to an intraday low of 1,548 rupees. At around 1:17 pm, it was trading 1.19 percent lower at 1,547.50 rupees. The company’s market capitalisation stood at 20.94 lakh crore rupees as of December 2, 2025.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter
About us:
The Mainstream is a premier platform delivering the latest updates and informed perspectives across the technology business and cyber landscape. Built on research-driven, thought leadership and original intellectual property, The Mainstream also curates summits & conferences that convene decision makers to explore how technology reshapes industries and leadership. With a growing presence in India and globally across the Middle East, Africa, ASEAN, the USA, the UK and Australia, The Mainstream carries a vision to bring the latest happenings and insights to 8.2 billion people and to place technology at the centre of conversation for leaders navigating the future.
