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HansaVision plans IPO

23-January-2001
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HansaVision plans IPO

HansaVision is also planning to come out with an initial public offering (IPO) between April and June through book-building process. Though the issue size is yet to be decided, it is expected to be in the range of Rs 28-35 crore.

Post-issue, the promoters' stake in the company will be diluted by 15-25 per cent. The exact details are yet to be worked out. The company's fund requirements include Rs 16 crore for new projects (content creation), Rs 5 crore for post-production/studio facilities, Rs 7 crore for repayment of bank loan and Rs 3 crore for developing new initiatives.

The company is also planning an entertainment portal, Hansazone.com, in the next 6-8 weeks.

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