Saregama India Limited has informed the Exchange about Incorporation of wholly owned subsidiary in Dubai Mainland.
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Saregama India Limited has set up a new wholly owned subsidiary in Dubai Mainland, United Arab Emirates. The new entity will be fully owned by Saregama with no external partners. Dubai Mainland allows the company to trade directly within the UAE market without a local agent. This move signals the company's intent to expand its music and entertainment business into the Middle East region. No financial details or capital commitment have been disclosed in this filing.
This is a strategic overseas expansion that could help Saregama tap into the Middle East market for its music catalog, but the near-term financial impact is likely minimal as the subsidiary is newly incorporated.