Shemaroo Entertainment has received approval for raising of funds for an aggregate amount of upto Rs 250 crore one or more tranches, by way of issue of equity shares / preference shares or any other instruments or security including fully / partly convertible debentures or by way of a composite issue of non-convertible debentures and warrants entitling the warrant holder(s) to apply for equity shares or any other eligible securities through qualified institutions placement, private placement / public issue of equity / debt securities, preferential issue or through any other permissible mode.
The Board of Directors of the Company at its meeting held on October 17, 2019 has approved the same.
Shemaroo Entertainment is a holding company. The company is an entertainment company engaged in the business of motion picture, video and television program distribution activities.
