Saregama Completes Acquisition of Finnet Media via Subsidiary

Saregama India Limited has informed the exchange about the completion of the acquisition of 100% equity share capital of Finnet Media Private Limited. The acquisition was executed through Pocket Aces Pictures Private Limited (PAPPL), a material subsidiary of Saregama. The transaction was finalized on November 19, 2025, following the approval by the Board of Directors of Saregama on September 25, 2025.

The acquisition involves the purchase of 300,000 equity shares of Finnet, each with a face value of Rs.10. These shares were acquired from the existing promoters of Finnet. As part of the transaction agreements, PAPPL will also acquire 288,235 Optionally Convertible Preference Shares (OCPS) after a period of two years. The pricing mechanism for these OCPS is outlined in the transaction documents.

With the completion of this acquisition, Finnet Media Private Limited has become a wholly owned subsidiary of Pocket Aces Pictures Private Limited. This change is effective from the date of completion, November 19, 2025. The acquisition was conducted in accordance with the terms and conditions specified in the Share Purchase Agreement, Shareholders Agreement, and other related transaction documents.

The transaction was initially communicated to the exchange on September 25, 2025, when Saregama’s Board of Directors approved the execution of the necessary agreements. The acquisition aligns with the strategic objectives of Saregama and its subsidiary, Pocket Aces, to expand their business operations.

Saregama India Limited is a prominent player in the Indian music industry, focusing on music publishing, film production, and digital content creation. The company continues to explore opportunities for growth and expansion in the entertainment sector through strategic acquisitions and partnerships.