Hindi
Reliance MediaWorks to raise Rs 5 bn via rights issue
MUMBAI: Reliance MediaWorks (RMWL) plans to raise Rs 5 billion via rights issue as it seeks to cut down on its debt.
The board today has empowered its committee to decide upon the terms and conditions including the price, share entitlement ratio, timing and other details and modalities for the rights issue.
The company said that the funds raised through the rights issue would be utilised for “substantially reducing the debt of the company, incurred for creating the asset base.”
As of 31 March 2011, Big Cinemas, RMWL’s multiplex division, has over 550 screens under its belt worldwide. The company has a 1200 member media BPO which offers different film and media services. RMWL also has studios and production facilities.s
Meanwhile, RMWL has reported a consolidated net loss (after minority interest) of Rs 3.29 billion for the fiscal ended 31 March, as against a net loss of Rs 1.43 billion in the previous fiscal.
Total income saw a 15.19 per cent increase during the fiscal to Rs 8.36 billion (from Rs 7.26 billion). However, expenses also jumped 28.88 per cent to Rs 9.82 billion (from Rs 7.62 billion).
In the theatrical exhibition business segment, RMWL saw operating loss of Rs 1.04 billion, as against a loss of Rs 495.37 million in the previous fiscal. The revenue from the segment stood at Rs 5.47 billion, up from Rs 4.76 billion in the year-ago period.
From film production services segment, the operating profit was at Rs 125.64 million, down from Rs 319.77 million in the prior fiscal. Revenue from the segment was at Rs 2.51 billion, up from Rs 1.65 billion.
TV and film production and distribution segment profit also fell to Rs 115 million, from Rs 401.10 million in the earlier year, while revenue fell to Rs 602.42 million (from Rs 1.11 billion).
For the quarter ended 31 March, the company has reported a net loss of Rs 1.64 billion. It clarified that it is not reflective of the future prospects of the company as Q4 has been exceptionally weak in film releases on account of the cricket World Cup.
Hindi
Rashmika Mandanna, Shanaya Kapoor and Naila Grrewal climb IMDb’s Indian celebrity rankings
Upcoming films and returning shows are driving fan interest across Bollywood and streaming
MUMBAI: Bollywood’s popularity contest has a new weekly scorecard, and the numbers are telling. IMDb’s Popular Indian Celebrities list for this week places Shanaya Kapoor at number six, buoyed by buzz around her film Tu Yaa Main. Naila Grrewal slots in at seven on the back of the returning comedy series Maamla Legal Hai, while Rashmika Mandanna climbs to eighth, riding mounting anticipation for Cocktail 2.
The list, available exclusively on the IMDb app for Android and iOS, tracks trending Indian entertainers and filmmakers each week, drawing on data from more than 200m monthly visits to the platform worldwide.
Further down the rankings, Raaka is keeping two of its biggest names in the spotlight. Deepika Padukone holds 11th position, with Allu Arjun close behind at 13th, as the film continues to find traction with audiences.
The list offers fans a weekly pulse on who is breaking through, who is holding steady, and who is fading. It is a barometer as unsparing as the box office itself.
