Percept plans expansion to raise Rs.15 billion
May 15th, 2008 - 12:17 am ICT by admin
Mumbai, May 14 (IANS) Entertainment and media company Percept plans to raise Rs.15 billion through private equity, IPO and debt. Ajay Upadhyay, President-Corporate Affairs, said Wednesday: “We are now set to enter the global stage and we will be partnering with strategic partners going forward. We have already raised Rs.150 crore (Rs.1.5 billion) through private equity and are in talks with potential partners and investors to raise the balance amount.”
Percept is in advanced stages of negotiations with strategic and financial investors, and is expecting an immediate closure of round one of funding. The company is also planning an IPO in the second half of this year.
The company plans expansion in all its key areas of business. This is aimed at scaling up the intellectual property rights (IPR) businesses.
It is planning investments in the areas of IPR acquisition, home video distribution, film production studio, development of digital and mobile content and international distribution.
Percept had recently announced its strategic restructuring and changed from ‘Percept Holdings’ to ‘Percept Limited’.
- Reliance Capital pact with Nippon in areas beyond insurance - Sep 01, 2011
- Edward E. Whitacre Jr. Hints At GM IPO Price - Oct 14, 2010
- Shriram Housing Finance open for outside equity infusion - Aug 10, 2011
- US venture fund invests $15 million in Indian IT firm - Feb 15, 2012
- L&T; planning private equity fund after IPO - Jul 25, 2011
- Avesthagen revives public issue plans to raise funds - Sep 08, 2009
- Companies deferring public issue in bearish markets - Nov 28, 2011
- Promoters skip IPO route in unfavourable market - Jul 01, 2011
- Edutor Technologies raises Rs.2 crore - Mar 20, 2012
- GAIL to form joint venture to supply gas to Karnataka - Jun 08, 2011
- Reliance Life gets central bank nod for stake sale to Nippon - Sep 30, 2011
- Zuri to offload 20 percent stake to private equity players - Sep 21, 2010
- Banks seek more details on Kingfisher's operations - Nov 13, 2011
- Goldman Sachs chosen adviser for Russian airport's sale - Dec 20, 2011
- Tamil Nadu firm to cultivate cotton, soya in Ethiopia - Jul 26, 2011
Tags: closure, corporate affairs, crore, film production studio, financial investors, global stage, home video distribution, intellectual property rights, international distribution, ipo, key areas, mobile content, negotiations, percept holdings, potential partners, private equity, restructuring, rs 1, second half, strategic partners