BAG Films To Raise $30 Million Via GDR/FCCB Issue

BAG Films & Media Ltd today said its board has approved a plan to raise up to $30 million (Rs142 crore) from the international market through an issue of global depository receipts or foreign currency convertible bonds.

The board has also approved an increase in the authorized capital of the company from Rs30 crore to Rs30 crore.

Promoted by Anurradha Prasad, BAG Films and Media is engaged in broadcasting (News24, E24), film and TV production and also runs a media school in Noida.

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