Agreement Details
The Company has entered into a Film Purchase Agreement with Buddhipriyay Pictures LLP for the acquisition of rights in relation to a film project. The agreement was executed on terms and conditions mutually agreed between the parties.
Transaction Scope
The agreement covers:
- Acquisition of specified rights in relation to the film project by the Company
- Undertaking promotional, marketing and allied activities in connection with the film
- Promotion, marketing, distribution and commercial exploitation of the film
Financial Considerations
The total estimated outlay is approximately ₹5 Crore, which includes:
- Consideration towards acquisition of film rights
- Proposed expenditure for promotion, marketing and related activities in connection with the film project
Geographic Scope
Domestic (India)
Corporate Relationship
The disclosure confirms that the Company, its promoters, directors, and their relatives or group companies do not have any interest in Buddhipriyay Pictures LLP, indicating an arm's length transaction.
Expected Benefits and Rationale
The acquisition is expected to:
- Strengthen the Company's presence in the entertainment sector
- Expand its content portfolio
- Create revenue generating opportunities through exploitation of film rights
- Enhance brand visibility through promotional and marketing activities associated with the film project