Mumbai: Mumbai-based Pvt. Ltd, has entered into a three film deal with director Mahesh Manjrekar, the first of which is ‘City of Gold’, scheduled for a May 2010 release, said Arun Rangachari, chairman, DAR Capital group. Each of the films is in the Rs15-20 crore bracket.
DAR Media, a subsidiary of investment advisory and private equity firm DAR Capital group, is also in advanced negotiations for a tie-up with two other film-makers, he added.
DAR Capital also plans to launch a Rs200 crore film fund with Dubai-based Signature Group International, an India-focused asset management firm, that is expected to be fully subscribed by mid-2010. “Content is going to drive the media space in India,” Rangachari said, explaining the rationale behind the fund.