Reliance Acquires 50.1% Stake in Sikhya Entertainment for Rs. 150 Crore
Filing Summary
Reliance Industries Limited, through its wholly owned subsidiary Reliance Strategic Business Ventures Limited, has acquired a 50.1% equity stake in Sikhya Entertainment Private Limited. The acquisition, completed on February 2, 2026, involved a cash consideration of Rs. 150 crore. Sikhya Entertainment, known for its award-winning productions, will enhance Jio Studios’ media and content capabilities. This transaction does not involve any related parties and required no regulatory approvals. Sikhya’s turnover for FY2024-25 was Rs. 69 crore. The acquisition aims to strengthen Jio Studios’ position in the media sector.
Reliance Industries Limited, through its wholly owned subsidiary Reliance Strategic Business Ventures Limited (RSBVL), has acquired a 50.1% equity stake in Sikhya Entertainment Private Limited (SEPL). The acquisition was finalized on February 2, 2026, with a total cash consideration of Rs. 150 crore. This transaction involves both primary and secondary transactions with SEPL and its existing shareholders.
The financial terms of the acquisition include an aggregate cash consideration of Rs. 150 crore. SEPL’s turnover for the fiscal years FY2024-25, FY2023-24, and FY2022-23 were Rs. 69 crore, Rs. 64 crore, and Rs. 28 crore, respectively. The transaction is not classified as a related party transaction, and no governmental or regulatory approvals were required.
The acquisition allows Jio Studios, the media and content arm of Reliance Industries, to consolidate its position in the media and entertainment sector. Sikhya Entertainment, known for its globally recognized productions, will contribute to Jio Studios’ content portfolio. SEPL has a track record of producing award-winning films, including Academy Award® and National Film Award-winning titles.
The acquisition was completed on February 2, 2026. No specific implementation phases or milestones were outlined in the filing, as the transaction was executed through definitive agreements with SEPL and its shareholders.
The entities involved in the transaction include Reliance Strategic Business Ventures Limited, Sikhya Entertainment Private Limited, and the existing shareholders of SEPL. RSBVL, a wholly owned subsidiary of Reliance Industries, executed the acquisition. Sikhya Entertainment, founded by Guneet Monga Kapoor and Achin Jain, is recognized for its contributions to Indian and international cinema.
Reliance Industries Limited, through its media arm Jio Studios, aims to enhance its content offerings and expand its reach in the media sector. Sikhya Entertainment’s focus on culturally resonant storytelling aligns with Jio Studios’ strategy to deliver diverse content to global audiences. The acquisition supports Jio Studios’ vision of creating and distributing Indian stories worldwide.
Reliance Industries Limited is India’s largest private sector company, engaged in various sectors including hydrocarbons, petrochemicals, retail, digital services, and media. The company is committed to expanding its media and entertainment footprint through strategic acquisitions and partnerships.