Palador Resolves Dispute With UTV, Raises US$6 Mln Funding

Palador, which specializes in foreign-language film distribution, said it has settled its dispute with UTV and separately, raised US$6 million in funding from private investors after a 15 percent dilution of equity.

In May, UTV terminated all business relations with Palador, that it had formed under the brand of UTV-Palador, for its world cinema business citing material breach of terms of agreement by Palador and its co-promoters Gautam Shiknis and Mohan Polamarasetty. As part of the settlement:
– UTV’s allegations against Palador

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