Reliance Industries’ wholly owned subsidiary -- Reliance Strategic Business Ventures has acquired 50.1% equity stake in Sikhya Entertainment (SEPL), one of India’s most globally recognised and awarded production houses, through a combination of primary and secondary transactions, for an aggregate cash consideration of Rs 150 crore. This acquisition enables Jio Studios, the media and content arm of the company, 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.
Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.
