MUMBAI: The Board of Directors of EMI Group Ltd’s holding company, EMI Group Global Ltd, initiated a process to explore and evaluate potential strategic alternatives, including a possible sale, recapitalisation or initial public offering of the company.

The company said that there can be no assurance that this strategic review process will result in a transaction. The company does not intend to disclose developments with respect to its strategic review process unless and until its Board of Directors has approved a specific transaction.

EMI Group is a leading music company. Its EMI Music and EMI Music Publishing divisions operate around the world to deliver successful outcomes for artists and songwriters through EMI’s global rights management strategy. EMI Music represents artists spanning all musical tastes and genres through record labels including Angel, Astralwerks, Blue Note, Capitol, Capitol Latin, Capitol Records Nashville, EMI Classics, EMI CMG, EMI Records, EMI Records Nashville, Manhattan, Parlophone, Virgin Classics and Virgin Records.