Television

K Sera Sera to enter capital market on 16 February

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MUMBAI: K Sera Sera Productions Ltd will enter the capital market on 16 February with a fresh public offer through a 100 per cent book building process.

The company had filed the prospectus in September last year for an issue of 5 million shares, of which the size of the issue is Rs 400-500 million.

The price band of the same will be finalised on 14 February after the meeting with the board of directors.

The bulk of the proceeds will be used towards movie business. Allocation of Rs 250 million will be towards film production while Rs 40-50 million will be for distribution of movies.

The balance will be utilised for meeting corporate and other expenses. The television content production subsidiary company, Twenty Twenty Television, has already raised debt.

The scrips opened at Rs 76.25 and closed at Rs 77.10. It touched a low of Rs 75.10.

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