Cinema Capital Venture Fund, (CCVF) reckoned to be India's first regulated entertainment venture capital fund, promises to provide the Indian investor a unique investment opportunity in the fast growing film entertainment sector.The fund will be launched shortly with a corpus of Rs 500-700 crore.
CCVF will be a close-ended fund and will look to invest in a broader spectrum of the entertainment industry and not restrict itself to financing just films.Ernst & Young, which has structured the deal is confident of the fund’s showing.
There are a couple of funds in the business such as The Indian Film Company, that raised $110 million from the Alternative Investment Market (AIM) of London Stock Exchange and Pyramid Saimira said to be raising a $150 million entertainment fund soon. Ranbaxy promoters led financial services business Religare Enterprises.
Read more in The Economic Times article.
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