Jio BLAST eSports Private Limited ceasing to be a subsidiary of the Company
RELIANCE · price
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Reliance Industries' wholly-owned subsidiary RISE Worldwide has formed a 50:50 joint venture with BLAST Esports Limited (subsidiary of BLAST ApS) for the esports business in India. The JV vehicle, Jio BLAST eSports Private Limited, was incorporated by RISE on April 18, 2025, and has now allotted 50 lakh equity shares (face value Rs. 10 each) at par, aggregating Rs. 5 crore, to BLAST Esports. As a result, RISE's stake in Jio BLAST dropped from 100% to 50%, and the entity has ceased to be a subsidiary of Reliance, becoming a joint venture company instead. The transaction is not a related-party deal and required no regulatory approvals.
Minor structural change with no material financial impact, but signals Reliance's strategic push into the Indian esports market through a partnership with a global esports brand. Shareholders should view this as a positive diversification move into a high-growth digital segment, though the Rs. 5 crore outlay is small relative to Reliance's overall scale.