Reliance Capital acquires 6.8% stake in Saregama for Rs 43 cr

Financial services company Reliance Capital today said it has acquired 6.83 per cent stake in music company Saregama India for about Rs 43 crore.

The company has purchased 11,88,000 equity shares constituting 6.83 per cent of the equity share capital of Saregama India Limited on December 28, Reliance Capital said in a regulatory filing.

At yesterday's closing price of Rs 364.40 per unit, Reliance Capital, a Reliance Group company, would have paid Rs 43.29 crore.

Saregama India shares closed 0.27 per cent down at Rs 363.40 per unit, while Reliance Capital scrip ended 3.25 per cent up at Rs 432.45 apiece on BSE today.