Film production firm to bid for IPL team franchise (Business capsule)
By IANSTuesday, September 1, 2009
NEW DELHI - Film and television software production house K Sera Sera Tuesday said its board has approved the investment of surplus funds in buying the franchise of an Indian Premier League (IPL) team.
“The board has constituted a committee headed by Sanjay Lai, the Managing Director of the Company and authorized him, to take all the necessary decision, actions pertaining to the IPL investment,”, the company said in a regulatory statement.
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Nagarjuna bags projects worth Rs.481 crore
Mumbai: Hyderabad-based construction company Nagarjuna Construction Tuesday said it has bagged infrastructure related projects worth Rs.481 crore.
The company has bagged an order worth Rs.449 crore from the Bihar government for a canal project and an order worth Rs.32 crore from tyre maker MRF for construction of a tyre plant, it said in a regulatory statement.
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Ansal Properties to raise Rs.203 crore
Mumbai: Realty company Ansal Properties and Infrastructure Tuesday said that it would raise Rs.203 crore through issue of shares and warrants on preferential basis.
The company will raise funds by issuing up to 1.65 crore warrants to promoters and promoter-groups, as well as 1.26 crore equity shares of Rs.5 each on preferential basis to IPRO Funds of Mauritius, the company said in a regulatory statement.
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HCC bags Rs.276-crore hydel project order
Mumbai: Hindustan Construction Co (HCC) has bagged an order worth Rs.276.44 crore from the North Eastern Electric Power Co for constructing the Pare Hydel Power project in Arunachal Pradesh, it said in a regulatory statement.
HCC would be responsible for construction of a concrete gravity dam, spillway, coffer dam, diversion tunnel among a host of other construction related works. The company has to complete the project in 36 months.
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Free Korean holidays from Cox and Kings
New Delhi: Travel operator Cox and Kings Tuesday announced an SMS-based competition, offering free vacation to Korea for 100 winners. The competition ends Sep 10.
Prizes include return airfare, four-star hotel accommodation with breakfast, sightseeing of Seoul and return airport transfers, or four-star hotel accommodation with breakfast and return airport transfers.
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Yamaha Motors starts “Win Win Win” campaign
New Delhi: Yamaha Motors India has started a “Win Win Win” campaign for its entire range of products from Tuesday.
As a part of this campaign, people visiting a Yamaha showroom during Sep 1-Oct 31 can get a test ride and win Yamaha keychains. Upon buying any Yamaha bike, they will receive a Yamaha cap, a scratch card with which they can win upto Rs.3,001 in cash, and for a lucky few, a trip to Thailand.
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March 25, 2010: 5:05 am
They would not have enough money with them to buy a full season’s ticket of IPL matches let alone buy a franchise of a team. |
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September 9, 2009: 3:18 am
sanjay dutt and salman khan … in IPL |
 Mukesh |
September 1, 2009: 12:16 pm
It has been a shock to read that K Sera Sera Productions Ltd. is planning to buy into IPL franchise. They are defaulting on all their bank loans. All their recent films have been a resounding flop. They have lost money on almost every film they distributed. They have lost money on every film they produced. Their share prices are manipulated. The management is desperately trying to offload shares issued in GDR which never got genuinly sold to actual investors. I am sure have no intention to buy any IPL franchise. They would not have enough money with them to buy a full season’s ticket of IPL matches let alone buy a franchise of a team. This announcement is bogus. It is only a ploy to use the announcement to hype the share prices and raise the demand for shares so that the current shareholders can offload their worthless shares on to new fools. |
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