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Advertising & Media Agencies
Divestment1 Oct 2026, 01:57 pm

Digicontent Sells Fabplay Music Business IP for ₹1 Crore

AI Summary

Digicontent Limited has approved the assignment and transfer of the domain and intellectual property associated with its in-store music business, operating under the brand "Fabplay". The transaction, approved by the Board of Directors via circulation on October 01, 2026, is valued at ₹1 crore. The buyer is Audesy Mediatech Private Limited. This move signifies a divestment of a specific business segment for Digicontent. Further details regarding the agreement's terms and conditions are provided in Annexure A, as per SEBI LODR regulations. The company has confirmed that the counterparty is not related to its promoters or group companies, and the transaction is not considered a related party transaction.

Key Highlights

  • Digicontent transfers 'Fabplay' music business IP and domain.
  • Sale consideration is ₹1 crore.
  • Audesy Mediatech Private Limited is the acquiring party.
  • Transaction approved by Board via circulation.
  • Business segment divestment confirmed by the company.