Saregama India Limited, through its material subsidiary Pocket Aces Pictures Private Limited, has approved the acquisition of 100% equity share capital of Finnet Media Private Limited for INR 8,69,67,750. The acquisition aims to strengthen Pocket Aces’ artist and influencer management division by integrating Finnet Media’s expertise in content creation and talent management across finance, health, and infotainment sectors. The deal is expected to close by October 30, 2025.
Strategic Acquisition Overview
Pocket Aces Pictures Private Limited, a material subsidiary of Saregama India Limited, is set to acquire 100% equity share capital of Finnet Media Private Limited (“Finnet”). The Board of Directors approved the acquisition on September 25, 2025. This move is geared towards strengthening Pocket Aces’ position in the influencer management space. The total consideration for the acquisition is INR 8,69,67,750, subject to certain adjustments.
Finnet Media’s Business Focus
Finnet Media operates in the media and entertainment sector, focusing on content creation, production, distribution, and talent management. Their operations span across various categories, with a notable presence in finance, health, and infotainment. For the financial year ending March 31, 2024, Finnet Media reported a turnover of INR 23,04,47,720.
Synergies and Future Plans
The acquisition is expected to generate operational synergies and broaden market reach for Pocket Aces. The integration of Finnet Media’s capabilities will reinforce Pocket Aces’ position in the influencer management landscape. As part of the agreement, Pocket Aces will also acquire 2,88,235 Optionally Convertible Preference Shares (OCPS) after 2 years, based on a predetermined pricing mechanism. The acquisition of the equity share capital is targeted for completion by October 30, 2025.
Source: BSE
