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Vistaar Religare Film Fund Gets SEBI Approval; Plans To Raise $50 Million

Posted on August 11, 2008

Vistaar Religare Film Fund has received approval from market regulator Securities and Exchange Board of India (SEBI) for its $50 million (Rs 200 crore) fund. The fund is a joint venture between Ranbaxy promoters led financial services business Religare Enterprises and Mumbai-based film production house Vistaar Entertainment Ventures. The fund is a five-year close-ended one with the option of extending it for another two years.Vistaar-Religare already has eight projects lined up aggregating a outlay of $20 million (Rs 80 crore), reports The Times of India. At a later stage Vistaar will dilute ...

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