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Saregama India jumps on striking licensing deal with Josh

02 Feb 2021 Evaluate

Saregama India is currently trading at Rs. 1024.35, up by 28.10 points or 2.82% from its previous closing of Rs. 996.25 on the BSE.

The scrip opened at Rs. 985.00 and has touched a high and low of Rs. 1040.00 and Rs. 985.00 respectively. So far 8296 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,040.00 on 02-Feb-2021 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. 1040.00 and Rs. 927.25 respectively. The current market cap of the company is Rs. 1792.06 crore.

The promoters holding in the company stood at 59.05%, while Institutions and Non-Institutions held 9.84% and 31.10% respectively.

Saregama India has inked a music licencing deal with made-in-India, short-video app, Josh by VerSe Innovation. Users of Josh, India’s fastest growing and most engaged short-video app today, can now access old and new songs from the Saregama library with over 1,30,000 songs to create innovative content. As part of this deal, Saregama will license its entire catalogue to Josh allowing users to create content inspired from its robust music library in diverse Indian languages like Hindi, Bhojpuri, Bengali, Tamil, Marathi, Telugu, Malayalam, Kannada, Punjabi and Gujarati, amongst many others.

Saregama is India’s oldest music label and holds the richest catalogue spanning genres like film/non- film songs, devotional music, ghazals & indipop in more than 25 languages. Users on Josh can now create content to songs by legends like Lata Mangeshkar, Kishore Kumar, Mohammed Rafi, Asha Bhosle, Gulzar, Jagjit Singh, R.D Burman, Kalyanji Anandji, Geeta Dutt and Laxmikant Pyarelal making their experience on the platform even more engaging and fun.

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

344.55 0.95 (0.28%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
PVR 938.05
Saregama India 344.55
Shemaroo Entertain. 105.35
Balaji Telefilms 94.39
UFO Moviez 72.06
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