Hindi
Pyramid Saimira to raise $450 million
MUMBAI: Pyramid Saimira Theatre Ltd (PSTL) is set to raise up to $450 million by issuing shares to qualified institutional buyers.
The board has given its approval for this purpose. PSTL plans to expand its presence in film exhibition, production and distribution.
The cinema chain operator is also aiming to list its production arm sometime in the third quarter of this financial year. Indiantelevision.com was the first to report that the production company would go for an initial public offer (IPO) to fund its business.
PSTL is in talks for a pre-IPO placement for the production unit that is said to have an enterprise value of Rs 15 billion.
Earlier in April this year, PSTL had announced its plans of producing a total of 52 films by the end of this financial year, of which six films in various languages have already been completed.
The company also aims to produce ten Tamil films this fiscal year and is investing around Rs 350–400 million towards this.
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.
