Saregama Exits Film Production, Invests Rs 325 Cr in Bhansali Productions for Music Rights

• Saregama is ceasing its own film production due to low returns, freeing up Rs 150-175 crore in working capital.
• The company has partnered with Bhansali Productions to secure exclusive music rights for upcoming films.
• This collaboration aims to provide 30-50% of Saregama's Hindi film music content and bypass competitive bidding.
• Saregama invested Rs 325 crore for 9,960 compulsory convertible preference shares (CCPS) in Bhansali Productions.
• This investment grants Saregama a 28-49.9% stake in Bhansali Productions, with an option to increase to 51% post-March 2030.

Why It Matters: Saregama shifts strategy, exits film production to focus on music rights via Bhansali Productions.