Progress continues on the planned merger between Indian conglomerate Reliance Industries Limited and Walt Disney as the two companies recently appointed Indian law firms Khaitan & Co, Shardul Amarchand Mangaldas and AZB & Partners to conduct antitrust due diligence of their Indian business assets. This follows from an agreement reached in December to merge their businesses in India, as reported by Reuters.
Significant interest has been noted regarding the merger due to majority ownership of the merged entity likely vesting with Indian billionaire Mukesh Ambani, which could potentially trigger antitrust reviews. Unfortunately, further details are restricted as per a subscription requirement. For full coverage and additional information, please visit the original article.