Mumbai, February 3, 2026: Reliance Industries Limited (BSE: 500325 | NSE: RELIANCE) shares traded sharply higher in early deals on Monday, buoyed by a strategic media and entertainment acquisition announced by the company. The stock was trading at ₹1,445, up ₹54.60 or 3.93%, as investors reacted to Reliance Jio Studios strengthening its content portfolio.
What Drove the Rally
Reliance’s disclosure that its wholly owned subsidiary, Reliance Strategic Business Ventures Limited, has acquired a 50.1% equity stake in Sikhya Entertainment Private Limited for an aggregate cash consideration of ₹150 crore through a mix of primary and secondary transactions. The transaction was completed on February 2, 2026, and positions Jio Studios to deepen its presence in premium, globally resonant content creation .Sikhya Entertainment is one of India’s most internationally recognised production houses and the only Indian banner to have won both an Academy Award and multiple National Film Awards. Its portfolio includes globally acclaimed titles such as The Elephant Whisperers and Period. End of Sentence., along with award-winning Indian films like Masaan and Soorarai Pottru .
About the Company
Reliance Industries Limited is India’s largest private sector company, with interests spanning hydrocarbons, refining, petrochemicals, advanced materials, renewables, retail, digital services, and media and entertainment. The company is listed on both the BSE and NSE and remains a bellwether stock for Indian equity markets.Source:
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