03
Feb
Reliance Industries Limited has strengthened its presence in India’s media and entertainment sector with Jio Studios acquiring a majority stake in Sikhya Entertainment Private Limited. The deal, completed on February 2, 2026, involves a 50.1% equity acquisition for a total cash consideration of ₹150 crore. The transaction was carried out through a mix of primary and secondary investments by Reliance Strategic Business Ventures Limited, a wholly owned subsidiary of RIL. Reliance said the acquisition will help Jio Studios deepen its content portfolio by partnering with one of India’s most globally recognized production houses.Founded by Guneet Monga Kapoor and Achin Jain,…
