Saregama India Limited — JV/Acquisition, 25-11-2024: Acquisition

Saregama India Limited has further invested ₹15.00 Cr by subscribing to an additional 25,975 fully paid-up equity shares of Pocket Aces Pictures, raising its stake from 51.82% to 53.51%. This strategic move aims to leverage Pocket Aces' extensive digital content capabilities and a follower base of over 95 million, enhancing Saregama's outreach to the 18-35 demographic and creating synergies in artiste management and content creation. The rights issue is expected to complete in 60 days and aligns with Saregama's broader corporate strategy to diversify and strengthen its digital portfolio.