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B4U plans to set up Rs 100 crore film fund over next year

30-April-2001
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B4U plans to set up Rs 100 crore film fund over next year

B4U Television Network (India) is planning to set up Rs 100 crore film fund over the next one year. The company has initiated discussions with some financial institutions and foreign institutional investors.

The fund would posses a 1:1 debt equity ratio. It will have an expert committee to oversee all projects. The objective of the fund will be to get into film production, besides looking for acquisitions over time.

B4U will contribute about half the fund’s corpus. The company’s role in this venture would be that of an equal partner. The fund will handle to 20 movies in its first year of inception.

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