Subsidiary of Hinduja Global Solutions to Acquire Majority Stake in Seven Star Balaji Broadband

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Subsidiary of Hinduja Global Solutions to Acquire Majority Stake in Seven Star Balaji Broadband

Team FS

29/Apr/2024

Key Points:

Strategic Acquisition: Hinduja Global Solutions Limited's subsidiary, ONEOTT Intertainment Limited, secures a 51% shareholding of Seven Star Balaji Broadband Private Limited, aiming to bolster its presence in the internet services market.
Market Expansion: With over 63,000 subscribers in Mumbai and Maharashtra, Seven Star presents valuable growth opportunities, particularly in high ARPU markets, and enhances ONEOTT's position as a key player in the industry.
Business Growth: The acquisition, valued at ₹18.36 crore, aligns with ONEOTT's strategic objectives, focusing on customer acquisition and the expansion of value-added OTT services to meet evolving consumer demands.

In a strategic move aimed at expanding its footprint in the internet services market, Hinduja Global Solutions Limited's subsidiary, ONEOTT Intertainment Limited, has announced the acquisition of a majority stake in Seven Star Balaji Broadband Private Limited.

Strategic Acquisition:
ONEOTT's agreement to acquire a 51% shareholding of Seven Star underscores its commitment to growth and diversification within the rapidly evolving digital landscape. Seven Star, with its recent acquisition of Seven Star Digital Private Limited, brings to the table approximately ₹15 crore in revenue and boasts a subscriber base of over 63,000 in Mumbai and Maharashtra.

Market Expansion:
The Mumbai region, known for its high Average Revenue Per Unit (ARPU), presents lucrative opportunities for ONEOTT to expand its reach and capitalize on growing demand for internet and value-added OTT services. By leveraging Seven Star's established presence and brand recognition in the internet services space, ONEOTT aims to solidify its position as a leading provider of innovative digital solutions.

Business Growth:
The acquisition, valued at ₹18.36 crore, reflects ONEOTT's strategic vision and commitment to driving business growth through strategic investments. With a focus on customer acquisition and the expansion of value-added services, including OTT offerings, ONEOTT is poised to enhance its competitive edge and deliver enhanced value to its stakeholders.

In conclusion, Hinduja Global Solutions Limited's subsidiary's acquisition of Seven Star Balaji Broadband Private Limited marks a significant milestone in its growth journey, positioning it for sustained success in India's dynamic digital landscape. As ONEOTT continues to innovate and expand its offerings, it remains dedicated to delivering unparalleled value and exceptional experiences to its customers.

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Subsidiary of Hinduja Global Solutions to Acquire Majority Stake in Seven Star Balaji Broadband

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