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Our Bureau

Mumbai April 30 Network 18 Fincap Ltd will invest $10 million through ordinary shares allotted at par in the $110-million company called The Indian Film Company sponsored by Mr Raghav Bahl, founder and promoter of the TV 18 group.

The film company is proposed to be listed on the Alternative Investment Market (AIM) of the London Stock Exchange, Network 18 told BSE on Monday.

Network 18 is the group holding company of TV18, Global Broadcast Network, Web18, HomeShop 18 and Studio18.

Studio 18, the motion picture division of Network 18, would offer all its productions to the AIM-listed company on a first rights basis, the BSE notice said.

It would also offer production supervision, domestic and international theatrical distribution, home video distribution, and film acquisition and syndication services to the company.

The current Chief Executive Officer of Studio18, Mr Sandeep Bhargava, will head The Indian Film Company.

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