Shree Ashtavinakay to form JV with LFS Global; stock down
Shree Ashtavinayak Cine Vision is joining hands with a little-known business group LFS Global for a multi-billion dollar project to build India's largest film city near Mumbai modeled on the lines of Hollywood's Universal Studios.
By ET Bureau |
MUMBAI: Shree Ashtavinayak Cine Vision is joining hands with a little-known business group LFS Global for a multi-billion dollar project to build India's largest film city near Mumbai modeled on the lines of Hollywood's Universal Studios.
LFS Global will own a majority stake in the venture and Shree Ashtavinayak will have a small equity exposure in the project that will absorb investments of 15,000 crores spread over 7-10 years, reports The Economic Times.
The stock was witnessing profit booking and was at Rs 6.85 on the NSE. It touched a high of Rs 7.50 and low of Rs 6.75 in trade so far.
LFS Global will own a majority stake in the venture and Shree Ashtavinayak will have a small equity exposure in the project that will absorb investments of 15,000 crores spread over 7-10 years, reports The Economic Times.
The stock was witnessing profit booking and was at Rs 6.85 on the NSE. It touched a high of Rs 7.50 and low of Rs 6.75 in trade so far.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
