Rose Merc Limited (BSE:512115) acquired M/S. Jadhav Rose Merc Sports and Bhaktiworld Media And Entertainment Private Limited for INR 0.1 million on May 6, 2024. Rose Merc Limited acquired 49% and 50% in M/S. Jadhav Rose Merc Sports Private Limited and M/S. Bhaktiworld Media and Entertainment Private Limited respectively.

Rose Merc Limited (BSE:512115) completed the acquisition M/S. Jadhav Rose Merc Sports and Bhaktiworld Media And Entertainment Private Limited on May 6, 2024. As of May 10, 2024, Bhaktiworld, as part of its fund raising activity, has received fresh infusion of funds from an investor by way of issue and allotment of certain equity shares for an aggregate amount of INR.2.5 million. As a consequence of the completion of the aforesaid investment in Bhaktiworld, the shareholding of Rose Merc in Bhaktiworld has been marginally diluted from 50% to 49.75%.