SRS Limited (BSE:533569) agreed to acquire SRS Entertainment Limited for INR 130 million in cash on December 29, 2015. As of March 31, 2015 SRS Entertainment generated a revenue of INR 0.77 million and had total assets of INR 62.58 million. SRS Limited board approved the transaction in a general meeting held on December 29, 2015. The transaction is expected to be completed on or before March 31, 2016.

SRS Limited (BSE:533569) completed the acquisition of SRS Entertainment Limited on January 2, 2016.