Saregama India Limited has informed the Exchange regarding Outcome of Board Meeting held on September 25, 2025.
SAREGAMA · price
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On the reaction day the stock moved 0.1 pts less than Nifty Smallcap 250 and 0.9 pts less than its Media & Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Saregama India Limited's board, on September 25, 2025, approved the acquisition of 100% equity share capital of Finnet Media Private Limited by its material subsidiary Pocket Aces Pictures Private Limited for a total cash consideration of around ₹8.70 crore. The deal covers 3,00,000 equity shares (face value ₹10), with an additional 2,88,235 Optionally Convertible Preference Shares (OCPS) to be acquired after two years at a pre-agreed pricing formula. Finnet Media, founded in March 2022, is a digital media and influencer marketing firm with FY24 revenue of about ₹23.04 crore (up from ₹20.93 crore in FY23). The transaction is a cash deal, not a related-party transaction, and is expected to close by October 30, 2025. The stated objective is to strengthen Pocket Aces' artist and influencer management business and generate operational synergies.
This is a tuck-in acquisition through a subsidiary that expands Saregama's digital and influencer marketing presence, though the deal size (₹8.70 crore) is small relative to the company's scale and is unlikely to move the stock price materially. It signals continued strategic investment in the digital content and creator economy space.