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August 11, 2013

Deal Alert: Former Viacom 18 CEO Vikram Malhotra floats independent studio, raises Rs. 150-Cr

Vikram Malhotra, the former CEO of Viacom 18 Motion Pictures, has ventured into an independent studio model under the banner Abundantia. He has raised Rs.150 crore from two investors - a Hong Kong-based private equity firm, which is making its debut in the Indian media and entertainment space, and a high net-worth individual ( HNI) from India who is not connected to the film world. Malhotra has signed multiple film deals with filmmakers Nikhil Advani (director of D Day and Kal Ho Naa Ho), Neeraj Pandey (Special 26 and A Wednesday) and Shoojit Sircar (Vicky Donor). 

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