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Govindarajan Chellappa

CNS Investment Managers
SAREGAMA

Saregama India Limited

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Saregama India Limited CC-Dec25.pdf
16 Dec 2025
Open call
  1. Yes, hi Vikram. A couple of questions. First, has the board decided any maximum cash outflow that you are willing to employ in this deal? Because the stake is unknown depending on performance, etc. Have you fixed a ceiling on how much cash you are willing to put behind this?

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  2. Yes. So, based on this, if you pay Rs. 325 crores and the valuation turns out to be Rs. 1,590 crores, and you decide to exercise the option to increase the 28%, you will have to put in an additional Rs. 120 crores in 2028. That's correct?

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  3. And we are done after that?

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