India’s Largest Independent Sports, Lifestyle and Entertainment Company to Partner with BLAST for Esports Business in India
The stock gave multibagger returns of 155 per cent in 5 years and over 560 per cent in 1 decade.
Reliance Industries Ltd's subsidiary, RISE Worldwide, has entered a joint venture with BLAST Esports to significantly expand the esports landscape in India. This partnership aims to leverage BLAST's global expertise in tournament organization and production, coupled with Reliance's extensive reach and technological infrastructure, to create and operate leading esports properties within the rapidly growing Indian market. The collaboration will not only bring established international esports events to India but also develop new, localized IPs tailored to the preferences of the Indian gaming community.
The Indian gaming market is experiencing explosive growth, boasting over 600 million gamers and projected to reach $9.2 billion by 2029. This growth, coupled with the Indian government's official recognition of esports, presents a significant opportunity for the joint venture. BLAST, a prominent European esports entertainment company, collaborates with major game publishers like Epic Games, Valve, Riot Games, KRAFTON, and Ubisoft, organizing high-profile tournaments with substantial prize pools and global viewership. The partnership will bring BLAST's renowned production quality and fan-centric events to India, enhancing the esports experience for both players and viewers.
The joint venture will combine BLAST's esports media production expertise, publisher relationships, and popular IPs with Jio's technology, distribution network, and local connections. This synergy will enable the hosting of esports events on the JioGames platform, fostering sustainable growth and innovation within the industry. The scope of the partnership encompasses a wide range of services, including publisher and sponsor services, end-to-end tournament management, targeted marketing, and production and broadcasting, thereby addressing the entire esports ecosystem in India.
BLAST's global reach and production capabilities, evidenced by its projected 2 billion views in 2025 and broadcasts in over 30 languages across 150+ territories, will be instrumental in elevating the Indian esports scene. The partnership will facilitate the introduction of popular esports titles like Rocket League, Fortnite, Rainbow Six, PUBG, Dota 2, and Counter-Strike 2 to the Indian audience. The collaboration's ambition is to attract top-tier titles and events, ultimately establishing India as a prominent player in the global esports arena.
DSIJ's 'Large Rhino' service recommends blue chip stocks of Large Cap companies that have leadership positions in their category. If this interests you, do download the service details here.
About Reliance Industries Ltd
Reliance was founded by Dhirubhai Ambani and is now promoted and managed by his elder son, Mukesh Dhirubhai Ambani. Ambani's family has about 50 per cent shareholding in the conglomerate. The company is a constituent of the BSE Sensex Index, which is a stock market index that tracks the performance of 30 of the largest and most liquid stocks listed on BSE with a market capitalization of over Rs 16 lakh crore. The stock’s 52-week high is Rs 1,608.95 and its 52-week low is Rs 1,156 per share.
The Board of Directors issued 1:1, i.e. every shareholder holding 1 (one) fully paid-up equity share of Rs 10 each on the record date will receive 1 (one) fully paid-up equity share of Rs 10 each. The record date was Monday, October 28, 2024. This is the sixth bonus issue from RIL since its IPO and the second in this Golden Decade. The bonus issue is a testimony to Reliance’s continued commitment towards rewarding shareholders during the Golden Decade from 2017 to 2027. In 2017, Reliance issued bonus shares in the ratio of 1:1. In July 2023.
The company reported positive numbers in its Quarterly Results (Q3FY25) and nine-month results (9MFY25) and has consistently shown impressive figures, demonstrating its profitable performance for over a decade. The stock gave multibagger returns of 155 per cent in 5 years and over 560 per cent in 1 decade. Investors should keep an eye on this Large-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.