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Adlabs’ board approves raising up to Rs600 cr

Adlabs’ board approves raising up to Rs600 cr
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First Published: Wed, Aug 12 2009. 10 52 PM IST
Updated: Wed, Aug 12 2009. 10 52 PM IST
New Delhi: The board of Adlabs Films Ltd on Wednesday approved raising up to Rs600 crore by way of rights offer of equity shares to the company’s shareholders to fund its expansion plans.
According to a statement released by the company, the money will be utilized to establish at least 150 new screens worldwide in the next one year as well as setting up a media business process outsourcing unit and studios in Mumbai.
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First Published: Wed, Aug 12 2009. 10 52 PM IST
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