Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of Reliance Industries Limited (RIL), has made a significant move in the Indian media and entertainment sector by acquiring a 50.1% equity stake in Sikhya Entertainment Private Limited (SEPL), one of India’s most globally recognised and awarded production houses, for an aggregate cash consideration of Rs 150 crores. This acquisition is a strategic move by Jio Studios, the media and content arm of RIL, to consolidate its position in the media and entertainment sector. The deal was signed on February 3, 2026, marking a significant milestone in the history of Jio Studios.
The acquisition of SEPL by Jio Studios is a significant development in the Indian media and entertainment sector. Jio Studios has played a significant role in India’s entertainment ecosystem, connecting audiences globally and backing films with strong creative and commercial conviction. It has demonstrated a consistent ability to identify defining stories and build them for large audiences, producing landmark titles such as the highest grossing Indian film Dhurandhar, Laapataa Ladies, and the Stree franchise, among others, emerging as a key force in the country’s evolving content economy. The collaboration of Jio Studios with SEPL, to co-create films and series for audiences in India and worldwide, brings together Jio Studios’ scale, reach, focus on building enduring intellectual property, nurturing creator-led ecosystems, and long-term vision with SEPL’s proven track record of globally resonant, culturally rooted storytelling.
Founded by Guneet Monga Kapoor and Achin Jain, Sikhya Entertainment has, over the past decade, redefined what Indian storytelling can achieve on the world stage. Equally central to Sikhya’s identity has been its commitment to discovering and championing new talent, from debut and early-career filmmakers to emerging writers and performance-driven storytelling, while creating defining moments for some of India’s most celebrated actors. 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, from the most recent phenomenon, Dhurandhar, to Stree 2 and Laapataa Ladies, which went all the way to the Oscars. At the heart of Sikhya’s work is a deep belief in storytelling and in the people who bring these stories to life. Jyoti Deshpande’s commitment to innovation and her instinct for bold ideas and creative risk make this partnership especially exciting.
The acquisition of SEPL by Jio Studios is expected to bring about significant changes in the Indian media and entertainment sector. The partnership between Jio Studios and SEPL is expected to create more opportunities for Indian storytellers and producers to showcase their work globally. The acquisition is also expected to boost the growth of the Indian media and entertainment sector, providing a platform for Indian content creators to reach a wider audience. With this acquisition, Jio Studios is poised to become a major player in the Indian media and entertainment sector, further consolidating its position in the industry.
