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INDIA'S NETWORK 18 TO INVEST US$10 MLN IN ENTERTAINMENT FIRM.
MUMBAI, May 1 Asia Pulse - Leading media company, Network 18 will invest over Rs 410 million (US$10 million) in The Indian Film Company which is proposed to be listed on the Alternative Investment Market (AIM) of London Stock Exchange.
The Indian Film Company, is a US$110 million firm and is being sponsored by the founder and promoter of "TV 18 Group" Raghav Bahl.
Studio18, the full spectrum motion picture division of Network 18, would offer all its productions to the AIM listed company on "first rights" basis, Network 18 Fincap (BSE:532789) informed the Bombay Stock Exchange.
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Source: HighBeam Research, INDIA'S NETWORK 18 TO INVEST US$10 MLN IN ENTERTAINMENT FIRM.