Acquisitions30 March 2026 at 09:42 am
Alan Scott Enterprises to Acquire 60.00% Stake in Metastar Media for INR 2,74,40,000
AI Summary
Alan Scott Enterprises Ltd. has approved the acquisition of an additional 60.00% equity stake in Metastar Media Private Limited for a cash consideration of INR 2,74,40,000. Metastar Media operates in the Web3 space through its unique platform, Artisteverse.in, which enables independent artists to engage directly with their fans and monetize their work. The acquisition is expected to bolster the Company's presence in the Web3 domain and drive growth and innovation in the digital engagement and monetization landscape.
Key Highlights
- Alan Scott Enterprises to acquire 60.00% stake in Metastar Media for INR 2,74,40,000
- Metastar Media operates in the Web3 space through its unique platform, Artisteverse.in
- Artisteverse enables independent artists to engage directly with their fans and monetize their work
- The acquisition is expected to bolster the Company's presence in the Web3 domain
- The transaction is a related party transaction as Mr. Sureshkumar Jain, Director of the Company, holds a majority stake in Alan Scott Enterprises Limited and is also a promoter of the Company