Saregama India has completed the acquisition of 100% equity share capital of Finnet Media Private Limited (“Finnet”) through its material subsidiary, Pocket Aces Pictures Private Limited (“PAPPL”). This acquisition was finalized on November 19, 2025. Saregama will also acquire Optionally Convertible Preference Shares in Finnet upon completion of a two-year period.
Finnet Media Acquisition Complete
Saregama India Limited has successfully acquired 100% equity share capital in Finnet Media Private Limited (“Finnet”). The acquisition, executed through Pocket Aces Pictures Private Limited (“PAPPL”), a material subsidiary, was finalized on November 19, 2025.
Transaction Details
The acquisition involved 3,00,000 equity shares. Upon the completion of 2 years, Pocket Aces will acquire 2,88,235 Optionally Convertible Preference Shares (“OCPS”). This will further solidify Saregama’s position in the digital media and entertainment market.
Strategic Rationale
The acquisition will make Finnet a Wholly Owned Subsidiary of PAPPL. The initial announcement of the acquisition was made on September 25, 2025, subject to the completion of transaction agreements. Now, all conditions have been met and Finnet will operate as a subsidiary of PAPPL under Saregama India.
Source: BSE