| 15 Jul 2024
Reliance Capital acquires 6.83 percent equity stake in Saregama

BENGALURU: Anil Dhirubhai Ambani Group (ADAG) company Reliance Capital Limited (RCL) has acquired a 6.83 percent equity stake totalling 11.88 lakh shares from the open market of Indian custodians of music company Saregama Limited (Saregama). RCL has filed disclosures under Regulation 29 (1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 at the bourses today. Before the acquisition, RCL did not have any stake in the company.

Saregma has an equity share capital of Rs 17,40,29,380 for 1,74,92,938 shares of face value of Rs 10 each. At the time of writing of this report (29 December) the share closed at Rs 362.40 on the BSE, Rs 1 lower (0.27 percent down) from the previous close of Rs 364.40. The high for the day was Rs 388.10 and the low for the day was Rs 360.50. Over the past 52 weeks, the share had a high of Rs 509.00 and a low of Rs 116.00.

The share closed at Rs 362.90 down as compared to the previous close of Rs 363.55 on the NSE. The share had opened at Rs 370 today and had an intraday high of Rs 388.25 and an intraday low of Rs 360.00. The 52 week high on the NSE was Rs 509 on 10 August 2015, and the 52 week low was Rs 114.95 on 27 March 2015.