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February 21, 2013

Deal Alert: Globsyn in talks with VCs to finance regional movies

Globsyn Technologies, the Kolkata-headquartered group with interests in software technology, knowledge and education, skills development and IT infrastructure, is in talks with a number of leading private equity (PE) and venture capital (VC) funds for introducing what it calls ‘structured financing’ into Bengali and other regional movies and putting up a full scale, state-of-the-art studio facility. 

The company is also keeping a separate provisioning from its own coffer to finance two to three such movies per year, to start with. 

 
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