Shares of Reliance Industries zoomed up to 7% in intraday trading on Tuesday, February 3, following the acquisition of Sikhya Entertainment Private Limited by the company's subsidiary. Reliance Jio's Studios has made a strategic bet to acquire Sikhya Entertainment Private Limited in a bid to deepen content play. Reliance Strategic Business Ventures Limited (RSBVL), a subsidiary of Reliance Industries Limited, has acquired the stake for ₹150cr. The acquisition was completed on February 2, 2026, and aims to strengthen Jio Studios's position in India's evolving media and entertainment sector, reported Variety. The deal will allow Jio Studios to strengthen its presence by partnering with one of India's most globally recognized production houses, Sikhya Entertainment.
Founded by Guneet Monga Kapoor and Achin Jain, Sikhya Entertainment has built an international reputation over the past decade with its Academy Award-winning films like Period. End of Sentence. and The Elephant Whisperers.Jyoti Deshpande, President of Jio Studios, said, "Sikhya Entertainment has consistently delivered stories that are deeply Indian yet resonate globally. This association reflects our long-term belief in partnering with creators who combine creative excellence with cultural authenticity.""Over the last seven years, Jio Studios has built a strong track record of producing and championing some of the most successful box office winners and critically acclaimed films alike.
"Monga Kapoor and Jain said they have "always believed that stories have the power to connect people across cultures, geographies, and languages." "At the heart of Sikhya's work is a deep belief in storytelling and in the people who bring these stories to life," they said. "For independent producers like us, driven by dreams and the audacity to turn those ideas into reality, this journey has been deeply rewarding." Jio Studios has produced over 150 films and series in Hindi and other Indian languages.Its recent projects include the Stree franchise, the Dhurandhar franchise, Dunki, Ikkis, and Laapataa Ladies, among others. Sikhya Entertainment's multilingual slate includes titles like The Lunchbox, Masaan, Pagglait, Kathal, and Kill.