Stel Holdings Limited has informed the Exchange regarding 'STEL HOLDINGS LIMITED HAS PURCHASED 3,50,000 SHARES OF SAREGAMA INDIA LIMITED THROUGH MARKET PURCHASE'.
STEL · price
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Stel Holdings Limited, an unregistered Core Investment Company and a member of the promoter group of Saregama India Limited, has purchased 3,50,000 equity shares of Saregama India through a market transaction on March 16, 2026. The shares were acquired at approximately Rs. 355.70 per share, taking the total cost of acquisition to about Rs. 12.45 crore. The purchase represents 0.18% of Saregama's share capital, taking Stel's existing holding in Saregama from 0.26% to roughly 0.44%. The deal was done at prevailing market prices through stock exchange trades and is not classified as a related party transaction. Saregama India is one of India's oldest music and entertainment companies, with consolidated revenue of Rs. 1,171.36 crore in FY25.
This is a small promoter-group increase in Saregama's shareholding and is unlikely to materially move Saregama's stock price. It signals continued confidence by a promoter-group entity in Saregama's long-term value, though the size of the purchase is modest in relation to Saregama's overall market cap.