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.
