Announced Wed, 22 Jul · 19:34 IST
Saregama acquires 4.82% more in Pocket Aces for about INR 20 cr
SAREGAMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+1.5%1-day move
₹489.00
prior close
₹488.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.5+0.8+0.7+0.6+1.5+5.5————————
Up moveDown movePending
AI summary
Saregama India bought an additional 4.82% stake (35,635 shares) in its material subsidiary Pocket Aces Pictures for about INR 20.05 crores in cash, the third tranche under the original 2023 deal. Saregama's holding in Pocket Aces rises to 95.76%. Pocket Aces runs digital content brands Filter Copy, Dice Media, Nutshell, and Gobble, with FY25-26 turnover of INR 142.18 crores, up from INR 88.59 crores in FY23-24.
Likely market impact
Consolidates control in a fast-growing digital entertainment subsidiary; strengthens synergies in content and talent management.