Overview
- Reliance Strategic Business Ventures Limited, a wholly owned unit of Reliance Industries, closed the deal on February 2, bringing Sikhya under the Jio Studios umbrella.
- The purchase price of Rs 150 crore (about $16.6 million) for 50.1% implies a valuation of roughly $33 million for the production house.
- Company statements outline plans to co-develop films and series for Indian and international viewers by combining Jio’s scale and reach with Sikhya’s storytelling focus and support for emerging talent.
- Sikhya, co-founded by Guneet Monga Kapoor and Achin Jain, is the only Indian banner with both Academy Awards and multiple National Film Awards, with credits including The Lunchbox, Masaan, Soorarai Pottru, Pagglait and Kill.
- The acquisition is being cast as part of Reliance’s broader content consolidation strategy as Jio Studios expands a slate exceeding 150 productions, drawing public endorsements from industry figures such as Karan Johar.