Saregama acquires 52% stake in Pocket Aces for Rs 174 crore

website saregama pocket aces India's oldest music label company Saregama has agreed to acquire a percent stake in the startup Pocket Aces as the company expands pocket52 app Saregama will acquire a 52% stake in Mumbai-based digital content producer Pocket Aces for Rs 174 crore, as per a stock exchange filing

saregama pocket aces Saregama said this acquisition will enable them to leverage Pocket Aces' distribution network of over 95 million followers to popularize its  Why RPSG Group owned Saregama India's acquisition of Pocket Aces is a step towards building the business of the future · According to Saregama,  Saregama will acquire % shares for around Rs 174 crore with plans to further acquire another 41% stake in the next 15 months at pre-agreed

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