Saregama India has invested in 100% capital of Saregama FZE, as a result whereof Saregama FZE has become a wholly owned subsidiary of the company.
The object of the acquisition is to start a business of distribution of Music Player with FM and Blue Tooth and prerecorded songs in it viz. Carvaan, mini Carvaan, Music storage device Music Card, and dealing with related music and films rights in GCC countries and other global geographies.
Saregama India engaged in manufacturing, selling and dealing of gramophone records, radio receivers, radiograms, record players, record producers, pick-up cartridges, components and accessories thereof and other allied products.
