Filmcity Media has received an approval for raising the funds up to Rs 20.00 crore by way of issue of Convertible Warrants/Equity Shares on Preferential basis to Promoters and Non-Promoters subject to necessary regulatory approvals. The board of directors at its meeting held on December 19, 2013 has approved for the same.
Filmcity Media is engaged in publication activities and was publishing two leading Hindi film weeklies namely Filmcity and Aar Paar, with a total circulation of approximately 1.05 lakh copies per week.
