Saregama India has received an approval for scheme of arrangement involving demerger of publication division of its wholly owned subsidiary (WOS), Open Media Network to the company with effect from April 01, 2016. The board of directors at its meeting held on May 25, 2016 has approved for the same.
Saregama India is an India-based company engaged in the digital distribution of its music catalogue across various languages and genres. The Company's segments consists Music, which includes manufacturing and sale of music cassettes and compact/digital discs etc.
