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Pyramid Saimira board clears plans to raise $100 million via FCCB

MUMBAI: Pyramid Saimira Theatre's (PSTL) board has approved plans to raise $100 million through FCCB. It has also given the nod to float special purpose vehicles (SPV) along with developers of realty companies for setting up 100 malls with multiplexes in South India. A further 100 malls with...

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Pyramid Saimira to form JV for 100 malls, plans to raise Rs 4 billion

MUMBAI: Chennai-based theatre chain company Pyramid Saimira will enter into a 40:60 joint venture with a leading real estate company for setting up 100 malls entailing an investment of Rs 60 billion. The buzz is that Pyramid will sign the deal with IVRCL Infrastructure and Projects Ltd. "We are in...

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Adlabs seeks shareholder permission to borrow Rs 10 billion

Adlabs Films Ltd is seeking shareholders' approval, by way of postal ballot, to borrow money up to Rs 10 billion. The company has recently raised $100 million through offering of foreign currency convertible bonds (FCCBs).

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'Adlabs will become one of the largest film entertainment companies' : Manmohan Shetty - Adlabs Films chairman and managing director

Adlabs Films Ltd is Anil Ambani's first big catch in the entertainment arena: Rs 3.6 billion for a 51 per cent stake. Moving rapidly to arm the company with more capital, he raised $100 million through an offering of foreign currency convertible bonds (FCCBs). His gameplan: to pump in as much money...

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Adlabs Films board approves issue of FCCBs

Adlabs Films Ltd board has approved the raising of long term resources by issue of Foreign Currency Convertible Bonds (FCCBs) in the international markets.

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