Saregama India Limited (BSE:532163) is looking for acquisitions. Vikram Mehra, Managing Director said, "QIP funds are going to be used for inorganic acquisitions, acquisitions that are either on music catalog, either they help us on the content side or they help us with acquiring companies that can help us on the marketing or music side. We believe right now that any acquisition is going to be value accretive, we will go ahead.

We have done a smaller acquisition right in the beginning. After that, we are still evaluating multiple players, both on the content side and marketing side. The moment we believe that something is ticking mark and it's value accretive to the investors, we will take it up".