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Saregama to invest ₹325 cr in Bhansali Productions
Business Standard
|December 17, 2025
Saregama India, a part of RP-Sanjiv Goenka Group, on Tuesday announced that it will invest ₹325 crore in Sanjay Leela Bhansali’s Bhansali Productions for a subscription of 9,960 compulsory convertible preference shares (CCPS), its stock exchange filing showed.
The subscription of 9,960 CCPS in Bhansali Productions, known for the Netflix series Heeramandi: The Diamond Bazaar and films such as Devdas and Padmaavat, is expected to be completed by February 14, subject to certain conditions. Saregama India’s stake after the conversion of CCPS is expected to be at least 28 per cent and could go up to 49.9 percent on a fully diluted basis by 2028.
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