The Indian Film Company: IC update
Since September 2009 Network 18 Holdings Limited and its associates own in aggregate 80.4% of the existing issued ordinary share capital of the Company.
Half yearly results to end September weren't great and it's extremely hard to see what value is in this stock for minority shareholders
BACKGROUND
The Indian Film Company Limited was admitted to trading on the AIM market in June 2007 having raised £55 million at 100p per share in order to invest in a diverse portfolio of Indian films targeted at the Indian audiences across varying genre, language and budgets.
The Company is managed by Film Investment Managers (Mauritius) Ltd., which is jointly and equally owned by Viacom Inc. and BK Media Mauritius PVT. BK Media Mauritius…
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