Saregama India Ltd. to Acquire 100% Stake in Finnet Media Private Limited for INR 8.69 Crores

Saregama India Ltd. has announced its decision to acquire 100% equity share capital of Finnet Media Private Limited through its material subsidiary, Pocket Aces Pictures Private Limited. The total consideration for the acquisition is INR 8.69 Crores, subject to certain adjustments. Finnet Media Private Limited is a company engaged in the media and entertainment industry, including content creation, production, distribution, talent management, etc. The acquisition is expected to generate operational synergies, broaden market reach, and reinforce Pocket Aces' position in influencer management. The closing of the transaction is subject to the satisfaction of customary conditions precedent and conditions subsequent as per the transaction agreements.