Film Production
Shares and the city a pledge with a plot twist at SABTN
MUMBAI: When promoters make a move, the market always tunes in and this one comes with a pledge. Sri Adhikari Brothers Television Network Limited (SABTN) informed stock exchanges that promoter Kurjibhai Premjibhai Rupareliya has pledged 25,00,000 equity shares of the company, according to disclosures filed under Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
The encumbrance was created on 31 December 2025 and formally reported on 1 January 2026. The pledged shares represent 9.85 per cent of SABTN’s total share capital and an equivalent 9.85 per cent of the promoter’s holding in the company.
Post the transaction, Rupareliya continues to hold 1,50,00,237 shares, amounting to 59.12 per cent of SABTN’s equity. The disclosure confirms that the encumbrance does not cross the regulatory thresholds of either 50 per cent of promoter holding or 20 per cent of the company’s total share capital.
The shares have been pledged in favour of Motilal Oswal Finvest Limited, a scheduled financial institution. As per the filing, the funds raised against the pledge amounting to Rs 100 crore are intended for personal use by the promoter, with no involvement of the listed company or its group entities in the transaction.
The valuation of the pledged shares at the time of the event stood at Rs 400 crore, translating to a security cover ratio of 0.25. The disclosure also clarified that the encumbrance is not linked to any listed debt instrument, debenture or commercial paper.
The filing, submitted to both BSE Limited and the National Stock Exchange of India, brings transparency to a routine but closely watched promoter action, one that investors typically track for signals on leverage, confidence and future intent.
For now, the numbers are clear, the paperwork is in place, and the market has been duly informed.
Film Production
Priyanka Kaur Dhillon joins SVF Entertainment as lead for music distribution
A seasoned content dealmaker with 16 years in digital and satellite media joins the Bengali entertainment powerhouse as it pushes into the pan-India music market
Mumbai: Priyanka Kaur Dhillon has made her move. The content acquisitions and commercials veteran, most recently commercial manager at Sony Pictures Networks India, has joined SVF Entertainment as lead for music distribution, stepping into one of the more interesting briefs in regional entertainment right now.
SVF is no ordinary regional label. Over 30 years it has built a formidable legacy in Bengali cinema and music, driven by culturally resonant storytelling and a catalogue that consistently punches above its weight. Its recent success with Chiraiya underlines the point. But the Kolkata-based powerhouse now has its sights firmly set beyond Bengal, most visibly through Legacy, a rap reality series produced in collaboration with hip-hop label Kalamkaar that signals a deliberate push into the pan-India music ecosystem.
Dhillon brings precisely the kind of muscle SVF needs for that expansion. At Sony Pictures Networks India, she led film acquisition and commercials and handled music licensing across the entire satellite network. Before that, she spent nearly 15 years at Hungama, rising to assistant general manager and leading strategic content licensing for the platform’s digital entertainment business, with a particular focus on international markets. Her label relationships span the full roster: Sony Music, Universal Music, Warner Music, Believe International, Tunecore, The Orchard and a clutch of smaller aggregators. She has negotiated and closed deals with Hollywood studios, Bollywood production houses and regional content players alike, building pricing models and deal structures off data analysis rather than instinct.
Announcing the appointment, Dhillon said she was “thrilled to begin this journey with an iconic Bengali music label and content powerhouse,” adding that SVF’s “constant drive to push boundaries” was what drew her to the role.
SVF has spent three decades proving that regional does not mean limited. With a sharp commercial operator now steering its music distribution, its bid to go national just got a good deal more serious.
