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https://www.vccircle.com/universalmusic-acquires-stake-in-farhan-akhtar-s-excel-entertainment
Universal Music Group’s (UMG's) India arm has agreed to acquire a 30% stake in Farhan Akhtar and Ritesh Sidhwani founded Excel...
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https://www.thehindubusinessline.com/companies/universal-to-buy-30-in-excel-entertainment-values-farhan-akhtar-led-firm-at-2400-crore/article70473831.ece
Universal Music India acquires 30% stake in Excel Entertainment, boosting growth and global distribution of original soundtracks.
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https://www.hindustantimes.com/business/farhan-akhtar-s-excel-entertainment-sells-30-stake-to-universal-music-in-landmark-deal-101767623641227.html
Jan 6, 2026 - At ₹2,400 crore, Farhan Akhtar's Excel Entertainment now has a valuation higher than that of Karan Johar's Dharma Productions.| Business News
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https://deadline.com/2026/01/universal-music-excel-entertainment-minority-stake-1236661838/
Jan 5, 2026 - Universal Music India is set to take a stake in Excel Entertainment, the Bollywood movie studio behind films such as 'Don' and 'Dil Chahta...
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https://www.cnbctv18.com/business/universal-music-india-to-pick-30-stake-in-farhan-akhtar-co-founded-excel-entertainment-ws-l-19814460.htm
Jan 5, 2026 - Excel founders Ritesh Sidhwani and Farhan Akhtar will continue to shape creative direction and content decisions, the statement said.
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