BENGALURU, Aug 30 (Reuters) - An Indian company tribunal

has approved the $8.5 billion merger of Reliance Industries

and Disney's ( DIS ) Indian media assets, Reliance

said on Friday.

Earlier this week, the companies had won approval from the

Competition Commission of India (CCI) for the deal, after

assuaging regulatory worries about their grip on broadcasting

rights for cricket.

The competition regulator had said the deal, which will

create the country's biggest entertainment player, was being

approved subject to modifications submitted voluntarily by the

companies, without sharing further details. A detailed order is

yet to be issued.

To get the merger over the line, the two companies have

offered concessions, including a commitment to not raise

advertising rates unreasonably for streamed cricket matches, and

to sell 7-8 non-sports TV channels, a source familiar with the

matter had told Reuters.

On Thursday, at Reliance's annual shareholders meeting,

billionaire-chairman Mukesh Ambani had welcomed the merger and

said, "our expanded Media business will be an invaluable growth

centre in the Reliance ecosystem".