DQ Entertainment shines on plan to raise $50 million through its holding company

09 Dec 2014 Evaluate

DQ Entertainment (International) is currently trading at Rs. 29.10, up by 1.60 points or 5.82 % from its previous closing of Rs. 27.50 on the BSE.

The scrip opened at Rs. 28.45 and has touched a high and low of Rs. 31.45 and Rs. 28.05 respectively. So far 284689 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 50.30 on 02-Jan-2014 and a 52 week low of Rs. 16.90 on 19-Aug-2014.

Last one week high and low of the scrip stood at Rs. 28.35 and Rs. 24.40 respectively. The current market cap of the company is Rs. 227.94 crore.

The promoters holding in the company stood at 75.00 % while Institutions and Non-Institutions held 2.48 % and 22.52 % respectively.

DQ Entertainment (Mauritius), the holding company of DQ Entertainment (International) has executed the documents on December 09, 2014 to raise funds up to $50 million by way of senior secured convertible bonds from OL Master, a private credit fund managed by OCP Asia (Hong Kong). The funds can be drawn down in two tranches, the first of which is for $35 million and will be drawn down immediately and the second tranche of $15 million can be drawn down at the option of the Investor within 12 months thereof.

The net proceeds from the issue of the Bonds will be used to fund the development of more than 20 owned-IP and co-production projects currently in the pipeline for production over the next two years, for the repayment of certain debts amounting to approximately $7.21 million (Rs 44.51 crore) and for general working capital purposes. 

DQE is one of the leading producers of animation, visual effects, game art and live action entertainment content for the global media and entertainment industry. DQE has a library of over 500 hours of international programs for distribution and licensing globally for TV, home entertainment, merchandising and publishing is on fast track.

DQ Entertain.(Inter) Share Price

1.03 0.00 (0.00%)
13-Dec-2021 18:01 View Price Chart
Peers
Company Name CMP
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