MEDIA & ENTERTAINMENT

Exclusive: SRS Cinemas’ sale talks with PE, multiplex firms hit valuation dead-end

March 20, 2017 | Bruhadeeswaran R

Diversified consumer services firm SRS Ltd’s plan to sell its cinema exhibition business to cut debt has hit a dead-end over valuation mismatch, said a person close to the development.

FM radio operator Music Broadcast trims gains after strong market debut

March 17, 2017 | Ankit Doshi

Music Broadcast Ltd, which runs FM radio channel Radio City, made a strong debut on the stock markets on Friday with its shares listing at a 26% premium to their issue price but pared gains subsequently.

Zee Entertainment to buy 80% stake in tech startup Margo Networks

March 15, 2017 | Arti Singh

Media baron Subash Chandra-led Zee Entertainment Enterprises Ltd has decided to acquire an 80% stake in tech startup Margo Networks Pvt. Ltd for Rs 75 crore ($11.5 million).

Music Broadcast IPO subscribed over 39 times

March 08, 2017 | Ankit Doshi

The initial public offering (IPO) of Music Broadcast Ltd, which runs FM radio channel Radio City, was subscribed more than 39 times at the end bidding on Wednesday, with investors continuing to lap up the stock.

Music Broadcast IPO subscribed 2.18 times

March 07, 2017 | Ankit Doshi

The initial public offering (IPO) of Music Broadcast Ltd, which runs FM radio channel Radio City, was subscribed 2.18 times on the second day of bidding on Tuesday, with retail investors continuing to lap up the stock.

Music Broadcast IPO crosses halfway mark on day 1 as retail investors tune in

March 06, 2017 | Ankit Doshi

The initial public offering (IPO) of Music Broadcast Ltd, which runs FM radio channel Radio City, crossed the halfway mark on the first day of the issue on Monday, with retail investors leading subscription activity.

Jagran Prakashan’s radio arm raises $22 mn from anchor investors ahead of IPO

March 03, 2017 | Ankit Doshi

Music Broadcast Ltd on Friday raised Rs 146.55 crore ($22 million) through the sale of shares via anchor allotment ahead of its three-day initial public offering (IPO) beginning Monday.

Exclusive: Sourav Ganguly eyeing stake in IPL team

February 28, 2017 | Debjyoti Roy

Former Indian cricket captain and Cricket Association of Bengal President Sourav Ganguly is planning to pick up a stake in an Indian Premier League (IPL) franchise, a person privy to the development told VCCircle.

Blackstone-backed Jagran Prakashan’s radio arm eyes $285 mn valuation in IPO

February 27, 2017 | Ankit Doshi

Music Broadcast Ltd (MBL), the radio unit of Blackstone-backed media house Jagran Prakashan Ltd, is seeking a valuation of nearly Rs 1,900 crore ($285 million) through an initial public offering that begins next week.

Blackstone-backed Jagran Prakashan’s radio arm to launch $75 mn IPO

February 24, 2017 | Ankit Doshi

Media house Jagran Prakashan Ltd said, on Friday, its FM radio unit Music Broadcast Ltd (MBL) will launch an initial public offering (IPO) on 6 March. The three-day offering will close on 8 March, the company said in a stock exchange filing.

Ekta Kapoor-promoted Balaji Telefilms hires Star India exec as legal head

February 09, 2017 | Maulik Vyas

Television czarina Ekta Kapoor-promoted Balaji Telefilms Ltd has hired Som Bathla from Star India Pvt. Ltd to lead the company’s legal operations, a person familiar with the development said.

PE firm among five bidders for SRS Cinemas

January 25, 2017 | Bruhadeeswaran R

Diversified consumer services firm SRS Ltd has received preliminary bids from five suitors to buy its multiplex business, including one private equity firm and the top four players in the cinema exhibition space, two persons directly privy to the development told VCCircle.

Warburg Pincus invests $120 mn in PVR; Multiples PE partially exits

January 18, 2017 | TEAM VCC

Private equity firm Warburg Pincus said on Wednesday its affiliates have acquired a 14% stake in PVR Ltd, India’s largest multiplex chain, for about Rs 820 crore ($120.4 million).

Hathway reverses plan to hive off broadband unit, to demerge cable biz instead

January 13, 2017 | Ranjani Raghavan

Hathway Cable and Datacom Ltd has scrapped its plan to hive off its broadband business into a subsidiary. Instead, the firm has decided to separate its cable television business, merging it into the company’s wholly owned subsidiary—Hathway Datacom Central Pvt.

SRS Group puts multiplex business on the block

January 06, 2017 | Debjyoti Roy

Diversified consumer services firm SRS Ltd has decided to put its multiplex business on the block to trim debt and has appointed a banker to scout for potential buyers, according to a media report.

Cable operator GTPL Hathway files for IPO

January 03, 2017 | Ankit Doshi

GTPL Hathway Pvt. Ltd, which counts top Indian cable operator by revenue Hathway Cable & Datacom Ltd as a key shareholder, has filed a draft prospectus with the capital markets regulator Securities and Exchange Board of India for an initial public offering (IPO).

Exclusive: Bike-taxi startup Getbike secures $100K in angel round

December 21, 2016 | Dearton Thomas Hector

Hyderabad-based Vave Infosolutions India Pvt. Ltd, which runs motorcycle-sharing startup Getbike, has raised $100,000 (around Rs 68 lakh) in angel funding from a group of investors, a top executive told Techcircle.

Publishing house S Chand files documents for IPO; Everstone to partially exit

December 19, 2016 | TEAM VCC

Education-focused publishing house S Chand & Company Ltd has filed it draft red herring prospectus (DRHP) with capital market regulator SEBI to float its initial public offering (IPO).

ScoopWhoop buys Blume Ventures-backed Touchfone

December 19, 2016 | Priya Singh

Media startup ScoopWhoop has acquired video delivery and ad targeting startup Touchfone Technologies for an undisclosed amount in a cash-and-stock deal.

Sweden’s Starbreeze acquires Dhruva Interactive for $8.5 mn

December 16, 2016 | Arti Singh

Swedish game developer Starbreeze AB has acquired 90.5% stake in Indian art production and game development company Dhruva Interactive for $8.5 million (nearly Rs 57.6 crore).

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