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What is the story about?
Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of Reliance Industries Limited (RIL), has acquired a 50.1% equity stake in Sikhya Entertainment Private Limited (SEPL) for ₹150 crore. The transaction was completed on February 2 through a combination of primary and secondary deals.
The acquisition gives RIL’s media and content arm, Jio Studios, a majority stake in Sikhya Entertainment, a production house founded by Guneet Monga Kapoor and Achin Jain. Sikhya Entertainment has won two Academy Awards for
Period. End of Sentence. and The Elephant Whisperers, and multiple National Film Awards for films including Masaan, Soorarai Pottru, and Kathal.
According to the release, Jio Studios and Sikhya Entertainment will collaborate to co-create films and series for audiences in India and internationally. Jio Studios has previously produced films such as Dhurandhar, Laapataa Ladies , and the Stree franchise.
Also Read: Advent to infuse ₹2,750 crore into Aditya Birla Housing Finance: CNBC-TV18 newsbreak confirmed
The acquisition gives RIL’s media and content arm, Jio Studios, a majority stake in Sikhya Entertainment, a production house founded by Guneet Monga Kapoor and Achin Jain. Sikhya Entertainment has won two Academy Awards for
According to the release, Jio Studios and Sikhya Entertainment will collaborate to co-create films and series for audiences in India and internationally. Jio Studios has previously produced films such as Dhurandhar, Laapataa Ladies , and the Stree franchise.
Also Read: Advent to infuse ₹2,750 crore into Aditya Birla Housing Finance: CNBC-TV18 newsbreak confirmed
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