IMAGE: Aditi Rao Hydari, Pratibha Ranta, Manisha Koirala, Sanjeeda Sheikh and Richa Chadha in Heeramandi: The Diamond Bazaar.

Saregama India, part of the RP-Sanjiv Goenka Group, on Tuesday introduced that it’ll make investments Rs 325 crore (Rs 3.25 billion) in Sanjay Leela Bhansali’s Bhansali Productions for a subscription of 9,960 obligatory convertible desire shares (CCPS), its inventory trade submitting confirmed.

The subscription of 9,960 CCPS in Bhansali Productions, identified for the Netflix collection Heeramandi: The Diamond Bazaar and movies resembling Devdas and Padmaavat, is predicted to be accomplished by February 14, topic to sure situations.

Saregama India’s stake after the conversion of CCPS is predicted to be no less than 28 per cent and will go as much as 49.9 per cent on a totally diluted foundation by 2028.

 

IMAGE: Aishwarya Rai Bachchan and Shah Rukh Khan in Devdas.

The music label additional has the choice to accumulate extra stake in a number of tranches in Bhansali Productions, which may go as much as 51 per cent by 2030, the submitting said. Kotak Funding Banking acted because the unique monetary adviser and banker to Bhansali Productions on this transaction.

‘As a part of the partnership, Bhansali Productions will completely promote all its future movie music to Saregama, based mostly on a pre-agreed formulation,’ the discharge said.

‘This partnership underscores Saregama’s technique of aligning with India’s best artistic minds whereas delivering long-term worth to shareholders,’ stated Avarna Jain, vice chairperson, Saregama India.

IMAGE: Deepika Padukone and Shahid Kapoor in Padmaavat.

Bhansali Productions will retain artistic management, and Sanjay Leela Bhansali, founder, Bhansali Productions, stated that for him, highly effective and significant cinema requires time, belief, and a deep respect for the method, which the corporate was capable of align with Saregama India.

‘We share a deep respect for artwork, music, and storytelling that’s each grounded in custom and resonates with audiences throughout generations,’ Bhansali added.

IMAGE: Siddhant Chaturvedi and Mrunal Thakur in Do Deewane Shehar Mein.

The manufacturing firm has a pipeline of 10 movies deliberate for the following three years. Its instant slate consists of Love and Struggle, directed by Sanjay Leela Bhansali, starring Ranbir Kapoor, Alia Bhatt and Vicky Kaushal, and Do Deewane Shehar Mein, a romantic drama directed by Ravi Udyawar, starring Siddhant Chaturvedi and Mrunal Thakur.

In FY25, Bhansali Productions’ revenue after tax stood at Rs 45 crore (Rs 450 million), whereas it generated income of Rs 304 crore (Rs 3.04 billion).

Its earnings earlier than curiosity, taxes, depreciation and amortisation in FY25 was Rs 60 crore (Rs 600 million), the discharge stated.

Pictures curated by Satish Bodas/Rediff