Kolkata based media company Katha Mediatix has filed DRHP to raise funds through a public offering. The issue will constitute 26.27% of the fully diluted post issue paid up capital of the company.
The funds will be used to acquisitions, setting up a corporate office, augmenting long term working capital and other general corporate purposes.
Stellant Capital Advisory Services Pvt Ltd is the book running lead manager to the issue.
Katha Mediatix was founded in 1986 by Krishnendu Sen. The company has two business segments – ‘Advertising Display’ and ‘Multiple Broadcasting Rights’. Under the ‘Advertising Display’ segment, Katha offers outdoor advertising in the form of hoardings, mobile billboards, bus advertising, airport and mallscape advertising, etc.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.