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Cinema Capital Venture Gets FIPB Nod For Rs 50 Crore

Posted on March 05, 2009

Cinema Capital Venture Fund (CCVF), a SEBI approved fund focused on the Indian film industry, has received approval from the Foreign Investment Promotion Board (FIPB) for bringing in Rs 50 crore to its existing fund. Cinema Capital had earlier raised Rs 175 crore from which it has made a few undisclosed investments. The fund, which was earlier planning to raise a corpus of Rs 750 crore, may now alter its plans and look at raising only Rs 500 crore. Because the market scenario is down these days and it is not a very good time to raise funds, so we might be more conservative and look at a rang...

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