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January 28, 2013

Deal Alert: Channel Nine Entertainment files for IPO to raise Rs.11.7 Cr

New Delhi-based Channel Nine Entertainment has filed the DRHP to issue 46,68,000 equity shares at Rs. 25 per share aggregating to Rs.11.67 crores forming 30.10% of the post issue paid up equity share capital of the company. Guiness Corporate Advisors Pvt. Ltd is the lead manager to the issue.

The company will be traded on BSE-SME exchange. The company is engaged in the business of production, distribution television serials, films, documentaries, and marketing of sports and entertainment events. 

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