Credit rating agency, CARE has reaffirmed ‘A-‘ rating to the long term bank facilities of Shemaroo Entertainment. The rating has been revised from ‘BBB-‘ to ‘A-‘. The revision in the rating assigned to bank facilities of the company takes into account significant improvement in the capital structure of the company after raising equity through Initial Public Offer (IPO), and improved financial performance of the company in FY14 (refer to the period April 1 to March 31) and 9MFY15.
Shemaroo Entertainment is engaged in the business of Aggregation, Production and Co- Production of Cinematograph Films, Dramas etc., and subsequently exploiting and distributing rights of Films, Dramas across the world through various medium such as television licensing , DVD and VCD release, exploiting various rights of the content through new distribution avenues such as IPTV, VOD and mobile platform.
