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Reliance's Jio Studios acquires a 50.1% equity stake in Sikhya Entertainment for ~$16.7M, uniting India's largest studio with the Oscar-winning production house (Hannah Abraham/Forbes)

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Hannah Abraham / Forbes:
Reliance’s Jio Studios acquires a 50.1% equity stake in Sikhya Entertainment for ~$16.7M, uniting India’s largest studio with the Oscar-winning production house  —  Sikhya Entertainment co-founders Guneet Monga Kapoor and Achin Jain with Jio Studios President Jyoti Deshpande