JioStar India, the Reliance Industries–Disney joint venture, has proposed merging its wholly owned television distribution subsidiary, IndiaCast Media Distribution, into the parent company through a fast-track process under Section 233 of the Companies Act. The move is aimed at streamlining the group’s structure and improving operational efficiency.

According to The Economic Times report, the proposed scheme is to transfer all assets, liabilities, contracts, employees and ongoing legal proceedings of IndiaCast to JioStar India, subject to statutory and regulatory approvals. Since IndiaCast is a wholly owned subsidiary, the amalgamation will not involve the issuance of shares or any monetary consideration. Once the scheme becomes effective, IndiaCast will be dissolved without the need for a separate winding-up process.

The effective date for the amalgamation has been proposed as April 1, 2025, or any other date as may be approved by the board of JioStar India. The board cleared the scheme on July 14, 2025, and a formal notice inviting objections or suggestions was filed with the Registrar of Companies on January 23, 2026.