Ram Kaashyap Investment may acquire 100% equity stake in Gemmia Worldwide S.A. based on the valuation report received from internationally reputed valuer. The board will consider and approve the valuation report as received from Vicarage Capital, London.
Further, the board will also consider, approve and record the in-principle sanction letter received from the Stock Exchange for the proposed GDR issue of $75million and FCCB issue of $75millionn. The board of directors of the company will meet on August 03, 2011 to consider the proposal and transact the business.
Ram Kaashyap Investment is involved in business of investment and securities trading along with trading in overseas rights of south Indian films, operating Tamil Box Office (TBO) - a 24 x 7 Tamil movie channel, web streaming of south Indian movies and other content, animation and gaming and trading in overseas rights of south Indian films.
