M-cap of the top 10 companies in India tanked by ₹1.55 lakh-crore last week.

If the deal goes through, it will enhance Reliance's footprint in India's entertainment sector, complementing its existing assets such as Jio Studios and Viacom18 Studios

Reports say Reliance Industries has dubbed the bonus issuance, expected to be the largest of its kind in India’s stock market, as an "early Diwali gift" to investors.