Saregama India trades higher after signing global licensing deal with ShareChat, Moj

10 Sep 2020 Evaluate

Saregama India is currently trading at Rs. 525.00, up by 1.70 points or 0.32% from its previous closing of Rs. 523.30 on the BSE.

The scrip opened at Rs. 526.05 and has touched a high and low of Rs. 555.00 and Rs. 517.65 respectively. So far 5395 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 579.95 on 27-Aug-2020 and a 52 week low of Rs. 185.00 on 31-Mar-2020.

Last one week high and low of the scrip stood at Rs. 555.00 and Rs. 499.65 respectively. The current market cap of the company is Rs. 907.37 crore.

The promoters holding in the company stood at 59.06%, while Institutions and Non-Institutions held 10.15% and 30.79% respectively.

Saregama India has signed global licensing deal with ShareChat and Moj. With this partnership, users would allow to create amazing new content and add to their social experience on the ShareChat and Moj platforms.

As part of this deal, Saregama will license its large catalogue to both platforms allowing for the large community of ShareChat and Moj members to create their own short video content using the Saregama library. The robust music library offers thousands of songs in diverse Indian languages like Hindi, Bengali, Tamil, Marathi, Telugu, Malayalam, Kannada, Punjabi, Gujarati, Bhojpuri amongst many others.

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.

Saregama India Share Price

345.90 -2.05 (-0.59%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
PVR 1320.55
Saregama India 345.90
Eros Internatl.Media 17.92
Shemaroo Entertain. 141.50
Balaji Telefilms 72.90
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