Saregama India Limited has increased its shareholding in Pocket Aces Pictures Private Limited to 90.37% after completing a second tranche acquisition worth approximately Rs 127.47 crore, the company announced on March 29, 2025. The deal involved the purchase of 2,70,427 securities, including equity and multiple classes of compulsorily convertible preference shares.
The acquisition is part of Saregama’s strategic move to consolidate control in its material subsidiary. The new stake was acquired through a cash consideration, with shares purchased from multiple existing security holders of Pocket Aces, including one related party—Ms. Aditi Srivastava, who is also a director of the company.
Founded in 2013, Pocket Aces is a leading youth-focused digital entertainment company. It owns popular content brands like FilterCopy, Dice Media, Nutshell, and Gobble, and has a following of over 175 million across its platforms. With an IP catalogue of over 35,000 content pieces, the company creates short-form, web series, sketches, and music videos, while also managing over 215 digital talents through its talent arm Clout.
The acquisition allows Saregama to tap into Pocket Aces’ vast digital distribution network and enhance synergies in influencer management and long-form video production—boosting its music library among the 18–35 age group audience.
Pocket Aces reported a turnover of Rs 88.59 crore in FY24, with previous years also reflecting consistent performance:
-
FY23: Rs 102.67 crore
-
FY22: Rs 97.34 crore
This marks a significant step in Saregama’s transformation into a modern multimedia powerhouse.
Disclaimer: The information provided in this article is based on official disclosures made by the company to stock exchanges. It is intended solely for informational purposes and should not be construed as financial or investment advice. Stock market investments are subject to market risks. Readers are advised to consult with a qualified financial advisor before making any investment decisions. Neither the author nor the publication is responsible for any losses incurred based on the information provided.
