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K Sera Sera to acquire coal, oil assets for 325 cr

13 Dec 2010 Evaluate

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.

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Company Name CMP
PVR 968.75
Saregama India 342.50
Shemaroo Entertain. 105.83
Balaji Telefilms 95.61
UFO Moviez 73.12
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