Shemaroo looking to raise Rs 100 cr through pvt equity route

Entertainment major, Shemaroo Entertainment, is in talks with private equity players to raise Rs 100 crore for fuelling its expansion programme, a top company official said.Shemaroo hopes to seal transactions within the next six months.The company is mulling over diluting a portion of its equity to raise funds from private equity players.

Shemaroo, an integrated film production, post-production, distribution and animation player, would utilise the funds raised to enhance and strengthen its existing verticals.Shemaroo also plans to expand its films acquisition and distribution rights business.