BusinessCompany NewsBollywood companies take Aim in search of funds

Bollywood companies take Aim in search of funds

Third Indian film industry player in three months planning to join the ranks of the junior exchange in order to gain access to greater pool of capital

London’s Alternative Investment Market is benefiting from an influx of
Bollywood film companies.

Three companies operating in the world’s most industrious film industry which
releases more than 1,000 productions a year, have taken up, or are in the final
stages of, an AIM listing.  

The latest, Pyramid Saimira Theatres, is mulling over a $150m
(£76m) fundraising through the listing of a production and distribution unit in
London as early as next month, the FT reported.

The other two Bolllywood companies to hit AIM in the last three months were
the Indian Film Company which closed a £55m IPO last week, and UTV Motion
Pictures which is fine-tuning an $80m fundraising attempt.

Further reading:

SEC plot challenge to AIM with disclosure
overhaul
 

‘Foreign IPOs don’t dilute AIM quality,’
says chief

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