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India stocks lower at close of trade; Nifty 50 down 2.12%

• DIS
• RELI

Indian tribunal approves $8.5 billion Disney, Reliance media assets merger

Reliance Industries' $8.5 billion merger with Disney's Indian media assets has been approved, creating the largest entertainment player in India, with agreed concessions for broadcasting rights.

• DIS
• RELI

Disney, Reliance overcome cricket concerns to win approval for $8.5 billion India merger

Walt Disney and Reliance Industries' $8.5 billion merger of Indian media assets approved, creating a dominant player in entertainment and cricket broadcasting rights.