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Reliance media works re-organizes corporate management structure

04 Aug 2012 Evaluate

Reliance media works, an Indian film and entertainment services company and a member of the Reliance Group, is in the process of re-organizing its business across India, US ,UK and Malaysia under the two main businesses i.e film and media service and exhibition.

Reliance media works has recently signed an indicative non-binding term sheet with a private equity fund to acquire a substantial minority stake in Reliance Media Works Film and Media Services division for an investment of Rs 605 crores. The proposed investment is subject to completion of customary detailed due-diligence, definitive documentation, completion of subsidiarisation of the film and media services business and approvals as may be necessary.

Post approval from its board last week the company has also filed the relevant document with SEBI for raising an amount of up to Rs 600 crore by the way of right to existing equity share holder, subject to necessary approval and application provision of law.

Peers
Company Name CMP
PVR 938.05
Saregama India 344.55
Shemaroo Entertain. 105.35
Balaji Telefilms 94.39
UFO Moviez 72.06
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