Reliance's Bold Move: How Jio Studios and Sikhya Entertainment Forge a New Era in Indian Cinema

In a significant development in the Indian entertainment landscape, Reliance Strategic Business Ventures Limited (RSBVL), a wholly-owned division of Reliance Industries Limited, has secured a majority stake of 50.1% in Sikhya Entertainment Private Limited. The acquisition, valued at Rs 150 crore, aims to bolster Jio Studios, Reliance's media and content division.

Gaining an upper hand in the cinema sector, Jio Studios has carved a niche by producing commercially successful and critically acclaimed films such as 'Dhurandhar', 'Laapataa Ladies', and the 'Stree' franchise. The collaboration with Sikhya Entertainment, an award-winning production house led by Guneet Monga Kapoor and Achin Jain, is set to enhance this repertoire.

Jyoti Deshpande, President of Jio Studios, hailed the partnership as a fusion of creative excellence and cultural authenticity. Sikhya, noted for Oscar-winning projects like 'Period. End of Sentence.' and 'The Elephant Whisperers', will merge its storytelling acumen with Jio's extensive platform, empowering Indian narratives to captivate audiences worldwide.