Alan Scott Enterprises Ltd. Acquires Additional Stake in Metastar Media Private Limited
Alan Scott Enterprises Limited announced the acquisition of an additional stake in its group company, Metastar Media Private Limited, on Monday, March 30, 2026. The move will make Metastar a subsidiary of Alan Scott Enterprises.Metastar operates in the Web3 space through its platform, Artisteverse.in, which enables independent artists to connect with fans and monetize their work. The platform currently features artists such as Bickram Ghosh, Manasi Scott, Priyadarshini Govind, Puryaban Chatterjee, and the Indian Ocean Band. Artisteverse is expanding with new opportunities including tutorials, merchandising, branded products, and new music releases.
The acquisition is expected to bolster Alan Scott Enterprises' presence in the Web3 domain and drive growth and innovation in digital engagement. The transaction was categorized as a related-party transaction, as Mr. Sureshkumar Jain, a Director of Alan Scott Enterprises, holds a majority stake in the company and is also a promoter. The transaction was carried out at a valuation.
The acquisition involves the purchase of 60.00% of Metastar’s shares, resulting in a 60.00% ownership percentage post-acquisition on a fully diluted basis. The total cost of the acquisition is INR 2,74,40,000, representing 140,000 equity shares at INR 196 per share (including a premium of INR 186).
Details of Metastar are presented in the table below:
| Detail | Information |
|---|---|
| Authorized Share Capital | INR 1,10,00,000 |
| Paid Up Share Capital | INR 11,00,000 |
| Turnover (FY 2025) | INR 4,01,222.13 |
| Date of Incorporation | April 26, 2022 |
| FY 2022-23 Turnover | NIL |
| FY 2023-24 Turnover | INR 11,133 |
| FY 2024-25 Turnover | INR 4,01,222.13 |
The acquisition is anticipated to be completed within two months and will be funded through cash consideration.
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