Film producing company K Sera Sera Productions will acquire majority stakes in a domestic oil and gas firm and a coal mine in Indonesia for over 325 crore this fiscal. The company might have to dole out around 225 crore for picking up a majority stake in the coal mine in Indonesia and around 100 crore for over 50% stake in the oil and gas firm.
The coal mine has an expected reserve of 200 million tonnes, which could be mined over a period of 20 years, aimed at the international market. K Sera Sera would fund the proposed stakes acquisitions through internal accruals and borrowing from banks and “other” sources.
| Company Name | CMP |
|---|---|
| PVR | 968.75 |
| Saregama India | 342.50 |
| Shemaroo Entertain. | 105.83 |
| Balaji Telefilms | 95.61 |
| UFO Moviez | 73.12 |
| View more.. | |
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