Satyam Cineplexes Plans Rs 50 Cr PE Funding
Satyam Cineplexes is planning to raise Rs.50 Cr through PE.
The funds will be utilised to expand its operations outside Delhi, in the state where it has a strong presence. It plans to open multiplexes in Mysore, Aurangabad, Rohtak, Jodhpur and Udaipur by year end. Satyam has 12 screens in Delhi and five in Indore.
Transaction Reference: FE
Satyam Cineplexes which opened its first multiplex in 2003, plans to launch an IPO by 2012.
In 2009, it had raised its first round of PE funding of Rs.50 Cr from IFCI.
It plans to set up 70 new screens in 18 months. It will invest Rs.40 Cr by December '10 to expand from 17 screens to 32.
Another multiplex firm, Cinemax India is also raising Rs.150 Cr through PE to fund its expansion and consolidation plans by issuing convertible debentures.
In the past, PVR Ltd and Fame India had raised fund from ICICI Venture and India Value Fund respectively. ICICI Venure sold its stake during PVR IPO, while India Value Fund sold its stake to Temasek through market transactions.
Reliance Media Works has been acquiring stake in Fame India in small tranches.
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 07/08/10 | Satyam Cineplexes - Fund Raising | Private Equity | Looking For | 10.88 |
| 01/01/08 | Satyam Cineplexes - India Automotive | Private Equity | India Automotive Component Manufacturers Private Equity Fund I | - |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 03/01/12 | M&A | Reliance Industries Limited | TV18 Broadcast Limited (IBN18 Broadcast Limited) | - | Announced |
| 24/10/11 | M&A | Gaurav Burman | Team Lotus | 10.00 | Completed |
| 21/10/11 | M&A | Reliance Entertainment | Talent House Private Limited | - | Completed |
| 19/10/11 | M&A | Stargaze Entertainment Private Limited | - | Rumor |
Company |
||||
| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Satyam Cineplexes Limited | Subhash Chander Chachra Deven Chachra |
Satyam cinema buildingpatel nagar , New delhi - 110008 Delhi |
Fame India Limited (Formerly Shringar Cinemas) Cinemax India Limited |
www.satyamcineplexes.com |
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