Saregama India announces that Pocket Aces Pictures Private Limited, a material subsidiary, will acquire 100% equity share capital of Finnet Media Private Limited for INR 8,69,67,750. The acquisition, approved on September 25, 2025, aims to strengthen Pocket Aces’ artist and influencer management division. Further acquisition of Optionally Convertible Preference Shares (OCPS) is planned post two years, based on agreed pricing mechanisms.
Strategic Acquisition by Pocket Aces
Saregama India Limited has announced the acquisition of 100% equity share capital of Finnet Media Private Limited by Pocket Aces Pictures Private Limited, its material subsidiary. The board approved this acquisition on September 25, 2025, marking a significant step to expand its presence in the media and entertainment industry.
Deal Terms and Structure
The total consideration for the initial acquisition of equity shares is INR 8,69,67,750. This deal involves Pocket Aces acquiring 3,00,000 equity shares. Furthermore, after two years, Pocket Aces will acquire 2,88,235 Optionally Convertible Preference Shares (OCPS), under the terms and pricing defined within the transaction documents.
Rationale and Business Synergies
This acquisition aims to strengthen Pocket Aces’ artist and influencer management capabilities, as Finnet Media also operates in the same business segment. By combining the operations, there’s an anticipation to generate operational synergies, broaden market reach, and fortify Pocket Aces’ position in the influencer management sector. Finnet Media is involved in media and entertainment, specifically in content creation, talent management, and distribution.
Finnet Media Overview
Finnet Media Private Limited was incorporated on March 28, 2022. It focuses on influencer marketing and social media marketing services and also manages creators, particularly in the ‘finance’, ‘health’, and ‘infotainment’ categories. For the financial year ending March 31, 2023, Finnet Media reported revenue of INR 20.93 Crore, and for March 31, 2024, the revenue was INR 23.04 Crore.
Source: BSE
