National Company Law Appellate Tribunal (NCLAT) has given the green light to Sapphire Media's acquisition of Big 92.7 FM, the country's largest radio network. This decision marks a pivotal moment in the domestic media landscape, paving the way for Sapphire Media's aggressive expansion plans. Big 92.7 FM, owned by Reliance Broadcast Network Limited, boasts an impressive reach, with 58 stations spanning over 1,200 towns and more than 50,000 villages.