Acquisitions19 Nov 2025, 06:11 pm
Saregama India Completes Acquisition of Finnet Media Private Limited
AI Summary
Saregama India Limited has completed the acquisition of 100% equity share capital of Finnet Media Private Limited through its material subsidiary, Pocket Aces Pictures Private Limited. The acquisition was executed as per the Share Purchase Agreement, Shareholders Agreement, and other transaction documents. After two years, Pocket Aces will also acquire 2,88,235 Optionally Convertible Preference Shares. Finnet has now become a Wholly Owned Subsidiary of Pocket Aces Pictures Private Limited.
Key Highlights
- Saregama India completes the acquisition of Finnet Media Private Limited through its subsidiary, Pocket Aces Pictures Private Limited.
- The acquisition was executed as per the Share Purchase Agreement, Shareholders Agreement, and other transaction documents.
- After two years, Pocket Aces will also acquire 2,88,235 Optionally Convertible Preference Shares.
- Finnet has now become a Wholly Owned Subsidiary of Pocket Aces Pictures Private Limited.