Saregama to acquire up to 51 percent in Bhansali Productions for 325 Crore

Listed Co AcquisitionMarquee Jv AnnouncedStrategic Transactions View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-6.7%Reaction day

₹379.50

prior close

₹384.50

announcement price

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Nifty Smallcap 250market · index membership as recorded later (tracked since Jun 2026)-0.7%-6.0% vs market

Media & Entertainment peers, median of 11sector-1.6%-5.2% vs sector

On the reaction day the stock moved 6.0 pts less than Nifty Smallcap 250 and 5.2 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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AI summary

Saregama India board approved acquiring up to 51 percent stake in Bhansali Productions Private Limited (BPPL), maker of films like Padmaavat, Gangubai Kathiawadi and Heeramandi. Initial investment of 325 Crore for 9,960 CCPS, with further tranches to reach 28-49.9 percent by 2028 and 51 percent by 2030. BPPL revenue jumped to 304 Crore in FY25 from 5.5 Crore in FY24. All-cash deal, not a related party transaction. Aims to boost music licensing and video business.

Likely market impact

Strengthens Saregama's music and video portfolio with Bhansali's film catalogue and future content. Long-dated, multi-tranche deal with valuation risk.