Reliance's Jio Studios Acquires 50.1% Stake in Oscar-Winning Sikhya Entertainment

Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of Reliance Industries Limited (RIL), has acquired 50.1% equity stake in Sikhya Entertainment Private Limited (SEPL) for an aggregate cash consideration of 150 crore. This acquisition enables Jio Studios, the media and content arm of RIL, to further consolidate its pre-eminent position in the media and entertainment sector. The collaboration of Jio Studios with SEPL, to co-create films and series for audiences in India and worldwide, brings together Jio Studios’ scale, reach, focus on building enduring intellectual property, nurturing creator-led ecosystems and long-term vision with SEPL’s proven track record of globally resonant, culturally rooted storytelling.