Reliance Jio Studios and Reliance Strategic Business Ventures Limited have acquired a controlling stake of 50.1% in Sikhya Entertainment Private Limited, through a mix of primary and secondary acquisition, for an aggregate cash consideration of ₹150 crore.
Khaitan & Co advised Reliance Jio Studios and Reliance Strategic Business Ventures on this transaction. The Firm advised on deal negotiations and finalisation of the transaction documents, including agreements for the primary investment and secondary acquisition, shareholders' agreement and other ancillary documents.
The core transaction team consisted of Tanu Banerjee (Partner), Vedika Agarwal (Principal Associate) and Akriti Sirsalewala (Senior Associate).
Diligence team comprised of Ishan Johri (Partner), Akriti Sirsalewala (Senior Associate), Sankalp Jain (Associate) and Pulkit Khare (Associate).
The transaction establishes a strategic partnership, aligning Sikhya’s acclaimed creative and production capabilities with Reliance’s scale and distribution infrastructure, supporting the development of high-quality content with wider domestic and international reach.
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