Trilogic Digital Media has received an approval to acquire the entire businesses of Trinity Dream Works as a going concern. The board of directors at its meeting held on September 27, 2013 has approved for the same.
The company has also received approval to create a jointly held Special Purpose Vehicle (SPV) to manage an exclusive Content Platform catering to over 4 million BSNL subscribers pan India. The platform aims at being the definitive digital platform delivering Movies, Songs, TV Shows, Clips and all kinds of multi-genre/ Multilanguage content thru Internet based delivery mechanism.
Further, the board approved to raise funds up to Rs 400 crore, by way of issue of equity shares on preferential basis, out of which to issue equity shares on preferential basis to Shrey Chemicals up to at-least 24% of the post preferential issue paid up share capital of the company in cash or in kind.