Alan Scott Enterprises Buys 60% of Web3 Firm Metastar Media for ₹2.74 Crore

Alan Scott Enterprises Limited is set to acquire a 60% stake in Metastar Media Private Limited for ₹2.74 crore (₹274.40 lakh). Metastar Media reported a turnover of ₹4,01,222.13 in FY 2024-25.

Transaction Details and Timeline

Alan Scott Enterprises Limited's Board of Directors has approved the acquisition of a 60% stake in Metastar Media Private Limited for ₹2.74 crore (₹274.40 lakh). The transaction is expected to be completed within approximately two months from March 30, 2026. Upon completion, Metastar Media will become a subsidiary of Alan Scott Enterprises. Metastar Media has an authorized share capital of ₹1.10 crore and a paid-up share capital of ₹0.11 crore.

Strategic Push into Web3

This acquisition marks Alan Scott Enterprises' strategic move to grow its presence in the developing Web3 sector. The company expects the deal to significantly boost innovation in digital engagement and new revenue streams. The acquisition supports Alan Scott's wider strategy of expanding into technology-focused industries.

Company Backgrounds

Alan Scott Enterprises Limited, founded in 1994, is a diversified Indian company involved in health & hygiene, retail, AI, EdTech, robotics, and Web3 technologies. Recently, the company has focused on acquiring stakes in technology firms and setting up new subsidiaries to enhance its innovation efforts. Metastar Media Private Limited, established in April 2022, operates in the digital space, concentrating on immersive virtual platforms and Web3 innovations.

Operational Impact

With this acquisition, Metastar Media will function as a subsidiary of Alan Scott Enterprises, integrating its operations. Alan Scott Enterprises will gain direct control over Metastar Media's Web3 initiatives and digital engagement platforms. The integration is expected to create new opportunities for digital interaction and revenue generation. This diversification is projected to contribute to Alan Scott's revenue mix from emerging technology sectors.

Transaction Risks and Disclosures

The acquisition terms are currently proposed and depend on certain conditions. Any changes could require updated disclosures. This transaction is classified as a Related Party Transaction because the promoter group has an interest in Metastar Media. However, the deal is supported by an independent valuation report.

Industry Context

While Alan Scott Enterprises is diversified, its entry into Web3 places it alongside other established companies exploring digital advancements. For example, Nazara Technologies, a listed gaming firm, is expanding into the metaverse, and large conglomerates like Reliance Industries are using blockchain for customer engagement. This acquisition shows Alan Scott's ambition to gain a share of the growing Indian Web3 market.

Key Financial Metrics

Metastar Media reported zero turnover in FY23, ₹11,133 in FY24, and ₹4,01,222.13 in FY25. As of March 2026, Alan Scott Enterprises Limited held a market capitalization of ₹1.437 billion.

Investor Watchlist

Investors will be tracking the acquisition's completion within the projected two-month period. Key focus areas include Metastar Media's integration into Alan Scott's business structure. Future strategic initiatives and growth prospects from the combined Web3 capabilities will be watched closely. The market will also assess Metastar's future contributions to Alan Scott's revenue and profitability. Scrutiny will remain on how the Related Party Transaction details are handled and disclosed.