Anil Agarwal, founder and chairman of Vedanta Group, announced in a press release on Wednesday that he is the new owner of the iconic Riverside Studios in London. The 100-year-old studio, a renowned global hub for the arts located on the north bank of the River Thames in central London, will now be known as the 'Anil Agarwal Riverside Studios Trust.'

"I have always believed that art has the power to transcend boundaries, unite people, and elevate human experience. Riverside Studios will become a premier global destination for showcasing Indian and global arts and culture.

"I invite Indian artists and the film fraternity to showcase their artistic talent and cinematic depth at this world-renowned venue for a truly enriching experience. Global leaders from various spheres now have an opportunity to enthrall the audience with their real-life experiences and journey, here", said Agarwal, who turned a tiny scrap metal business into London-headquartered Vedanta Resources, in a statement.

Boasting an illustrious history, Riverside Studio has hosted performances and artworks by prestigious artists from across the world including the Beatles, David Bowie, Dario Fo, and David Hockney.

This foray, according to the statement, highlights Agarwal's commitment to fostering creativity and global cultural exchange. His vision, centered on the #ArtInEveryHeart initiative, seeks to make art universally accessible, emphasizing the rich cultural ties between India and the world.

"With immersive performances, exhibitions, and cinematic showcases, the Studios will celebrate diverse heritage while continuing to host world-class productions from across the globe. I look forward to building a space that not only nurtures creativity but also inspires social change", he added