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Golden Goenka Fincorp enters into agreement to acquire 50% stake in Purple

07 Jan 2013 Evaluate

Golden Goenka Fincorp has entered into an agreement for acquiring 50% shareholding in Purple Advertising Services (Purple) at an investment of Rs 18 crore. Purple is engaged in the business of construction and operation of the state-of-the-art movie studio and movie town.

Purple is presently in the process of constructing two state of the art studio complexes and a movie town under the name and style of ‘Purple Movie Town’ with latest technology, modern amenities and high class facilities for film making, mega serials and reality shows.

Golden Goenka Fincorp , being a non-banking financial company, it is in the business of share investment, assets financing, investment banking, equipment lease and finance and bill discounting for reputed companies.

Peers
Company Name CMP
Bajaj Finance 1009.00
Shriram Finance 1006.00
Aditya Birla Capital 396.95
Tata Capital 341.00
Chola Invest & Fin. 1761.00
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