Balaji Telefilms, Ekta Kapoor-promoted production house, plans to offload 10-15 per cent stake in its wholly owned subsidiary Balaji Motion Pictures. Sources said the company is valued at Rs 1,000 crore. Centrum Finance is said to be the financial advisor to the company.
Sources added that the company is in talks with private equity investors. It is considering roping in only one private equity, instead of a cluster of investors. However, the plan is at a nascent stage.
The company is dabbling with movie distribution business as well, and has distributed Bhool Bhulaiya and Darling, among a few others.Going forward, the company plans to produce, co-produce and distribute around 12 films a year. Balaji will look at distributing films overseas for which it will licence individuals in the US, the UK and West Asia who will facilitate the business, instead of setting shop in these places.
Read more in The Business Standard article.
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