M&A
Reliance’s Jio acquires 50.1% stake in Sikhya Entertainment for Rs.150-Cr
BSE Business Line Sikhya Entertainment
Reliance Strategic Business Ventures has acquired a 50.1% equity stake in Mumbai-based production house Sikhya Entertainment Pvt Ltd (SEPL). The acquisition was made through primary and secondary transactions for INR 150 crore in cash.Sikhya Entertainment was founded in 2008 by Guneet Monga Kapoor and Achin Jain. The new partnership aims to leverage Sikhya Entertainment's storytelling legacy with Jio Studios' scale, distribution, and creative capabilities.
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