Saregama India has received approval to raise funds through issue of securities by way of private placement or preferential issue or public issue or through any other permissible mode and/or combination thereof, including by way of qualified institutions placement, for an aggregate amount not exceeding Rs 750 crore, in accordance with applicable laws and subject to appropriate sanctions, permission and approvals including shareholders’ approval and statutory and regulatory approvals, as may be required. A meeting of the board of directors of the Company held on September 16, 2021, approved the same.
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.
