MUMBAI, Dec 21 (PTI): UFO Moviez India, India's largest digital cinema
distribution network and in-cinema advertising platform in terms of
numbers of screens, plans to raise around Rs 7.50 billion through an
offer for sale (OFS).
The company filed a draft red herring prospectus with regulator Securities and Exchange Board of India (Sebi) on December 18.
According to the offer document, the selling shareholders include PE investors such as 3i Research (Mauritius) Ltd, P5 Asia Holding Investments (Mauritius) Ltd (P5) and promoters selling their partial holdings in the company.
P5 Asia Holding Investments (Mauritius) currently holds 35.73 per cent, 3i Research (Mauritius) 21.49 per cent, Valuable Technologies 11.86 per cent, Apollo International 8.75 per cent and Apollo Group's Director Raaja Kanwar owns 2.18 per cent stake in the company, the offer document said.
Last year, the company had consolidated revenues of 4.21 billion and a net profit of Rs 465 million.
For the six months ended September 30, 2014, its consolidated total revenue was Rs 2.33 billion and consolidated profit after tax was Rs 210 millio
The company filed a draft red herring prospectus with regulator Securities and Exchange Board of India (Sebi) on December 18.
According to the offer document, the selling shareholders include PE investors such as 3i Research (Mauritius) Ltd, P5 Asia Holding Investments (Mauritius) Ltd (P5) and promoters selling their partial holdings in the company.
P5 Asia Holding Investments (Mauritius) currently holds 35.73 per cent, 3i Research (Mauritius) 21.49 per cent, Valuable Technologies 11.86 per cent, Apollo International 8.75 per cent and Apollo Group's Director Raaja Kanwar owns 2.18 per cent stake in the company, the offer document said.
Last year, the company had consolidated revenues of 4.21 billion and a net profit of Rs 465 million.
For the six months ended September 30, 2014, its consolidated total revenue was Rs 2.33 billion and consolidated profit after tax was Rs 210 millio
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