TV18 Unit Raises Rs. 445 Crore On London Exchange

Media conglomerate TV18 Group’s the Indian Film Company has raised 55 million pounds, or around Rs 445 crore, on the alternative investment market of the London Stock Exchange, the Business Standard reports. The capital raised will be invested in production and intellectual property rights of Indian films. “The company would begin with a basket of 14 film projects enabling a diversified & de-risked portfolio and optimum returns,” a release issued by Elara Capital, the UK-based mid-market investment banker for the issue said.

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