News Roundup: Softbank Capital Invests In DEN; Bollywood Films On Hulu
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US-based SoftBank Capital and India Capital of Hong Kong have bought a 2% stake in Sameer Manchanda-promoted cable firm DEN Networks, The Economic Times reports. The transaction reportedly happened at Rs205 per share and the aggregate investment is to the tune of Rs50 crore, the report said.
DEN is going for an IPO at the price band of Rs195-205. The IPO is of 20 million equity shares of a face value of Rs10.
Reliance ADAG Group’s online DVD rental and video-on-demand website, BigFlix.com, has partnered with Hulu.com to bring Bollywood movies to Indians in the US. Initially, 12 Bollywood films will be made available on Hulu and the companies target to eventually take this figure to 500 films, BigFlix said in a statement. Four films are currently available for viewing in the US on Hulu.com—Gangster, Apaharan, Kalyug and Black Friday.
Jaipur-based IPL franchise team Rajasthan Royals, which won the inaugural 20/20 tournament in 2008, has launched a revamped website “to strengthen its connect with its fan base”.
@sruthijith
Oct 29, 2009 9:23 AM ET
Posted In: Industry Moves, India Industry Moves, Media & Publishing, TV, VOD, Money, M&A & Venture Capital, Mergers & Acquisitions
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