ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Velan Hotels

EPW Research Foundation Via Media India VIA MEDIA INDIA is entering the capital market with a public issue of 2,62,797 14 percent Optionally Convertible Debentures (OCDs) of Rs 140 each at par for Rs 3.68 crore, including 41,300 OCDs on firm basis to mutual funds, 62,225 OCDs on firm basis to NRIs/OCBs/FIls and 52,550OCDs on firm basis to financial institutions. The net offer to the public will be 1,06,722 OCDs for Rs 1.49 crore. The company proposes to set up a recording studio and computer graphic and non-linear digital video editing facilities at a total cost of Rs 5.97 crore. The recording studio will have the latest state-of-the-art equipment with internationally acceptable multi-track recording facility for films, ad films, documentaries, etc. In addition, the ability to lock multi-track to video will provide high quality for video post-production work. The project will provide under one roof the complete range of audio/video post-production facilities. The project has been appraised by Mafatlal Finance Company which is also lead managing the public issue.

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