Religare, Vistaar launch Rs.2 bn film fund

March 4th, 2008 - 8:07 pm ICT by admin  

Mumbai, March 4 (IANS) Financial services company Religare Enterprise Ltd in association with Vistaar Entertainment Ventures Ltd Tuesday launched a film fund worth Rs.2 billion ($50 million) to invest in Indian and overseas film projects. Named as the Vistaar Religare Film Fund (VRFF), it would be the country’s first regulated film fund, said a release issued by Religare.

VRFF will be close-ended and will have a lock-in period of five years.

The fund would focus on providing the new talent a platform for equality of market exploitation.

“This fund will be yet another step from our umbrella and it’s a strong combination of sharp, seasoned financial minds along with experienced and innovative minds from the business of entertainment and films,” said Sunil Godhwani, chief executive officer and managing director of the New Delhi-based Religare Enterprises.

VRFF will focus on “the business of show business…” and provide ample opportunity for new directors, talent and writers, he said.

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