Capital18 Fincap, venture capital arm of Network 18 Media & Investments, has entered into an agreement with Carnival Films to divest its stake in Stargaze Entertainment. Stargaze operates multiplexes in emerging urban centers of India under the brand name of 'Glitz Cinemas'. Capital 18 is a majority shareholder at Stargaze and the transaction, expected to be completed within the current financial year, will result in a profitable exit for Capital18.
Network 18 Media & Investments is one of India's leading full play media conglomerates with interests in television, print, internet, filmed entertainment, mobile content and allied businesses
