If you go through the past several concalls, management has always indicated that currently they will only acquire music if a good opportunity presents itself. They won’t overpay. This is a strong stance they have re-iterated. They did acquire music for PS1 and PS2 tamil movies at 10-20 cr because they thought it was worth it.
With regards to dividends and buybacks, the music business is a cash cow and they probably do not want to keep too much cash hand to show that they are shareholder friendly.
As disclosed before I am invested from lower levels. I would look to add if there is a correction.
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