Mukesh Ambani’s Reliance Industries acquires majority stake in Sikhya Entertainment for Rs 150 crore

Mukesh Ambani-led Reliance Industries’ wholly owned subsidiary, Reliance Strategic Business Ventures (RSBVL), has acquired a 50.1% equity stake in Sikhya Entertainment for an aggregate cash consideration of Rs 150 crore.

With this deal, Sikhya Entertainment, one of India’s most globally recognised and awarded production houses becomes part of Jio Studios, the media and content arm of Reliance Industries.

The transaction was completed on February 2 and carried out through a mix of primary and secondary investments.