Khaitan, CAM guide Saregama India's ₹325 crore investment in Sanjay Leela Bhansali's studio

Saregama India Limited has made an investment of ₹325 crore in Bhansali Productions Pvt. Ltd., pursuant to which Saregama will hold a significant minority stake in Bhansali Productions as well as exclusive music rights for all future Bhansali films.

Khaitan & Co advised Saregama India on this investment. The Firm advised on structuring, term sheet, diligence, negotiations and finalisation of documents (including investment agreement, shareholders agreement, music rights agreements and other ancillary documents).

The transaction team was led by Haigreve Khaitan (Senior Partner), Ashraya Rao (Partner), Vidur Sinha (Partner), Ishan Johri (Partner), with support from Sheldon D'souza (Principal Associate), Vaishanshi Bhardwaj (Principal Associate), Hansaja Pandya (Senior Associate), Utsav Mitra (Senior Associate) and Pavitra Khaitan (Associate).

Executive Director Sudhir Bassi advised on securities aspects.

Akriti Sirsalewala (Senior Associate), Associates Alankrita Singh, Pulkit Khare and Tirthesh Jain on the legal due diligence of Bhansali Productions

Cyril Amarchand Mangaldas advised Bhansali Productions on this transaction.

The transaction team was led by Ruetveij Pandya (Partner), Aarushi Jain (Partner, Head - Media, Education & Gaming), Pooja Kapadia (Partner) and Abhilasha Malpani (Principal Associate), with support from Associates Sana Sarosh, Diksha Arora, and Nayanika Gupta. 

The team was also assisted by Associates Miloni Mau and Ridhima Lohia.

Abe Abraham (Partner), with support from Luv Saggi (Principal Associate), and Nilavan S (Associate) assisted with employment aspects of the transaction.

The deal brings together Bhansali Productions’ film and OTT content capabilities with Saregama’s music and live events business, as the company sharpens its focus on partnerships rather than in-house film production.

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