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Mumbai, March 4 Religare Enterprises Ltd along with Vistaar Entertainment Ventures today announced the launch of its “Vistaar Religare Film Fund”.

This will be the country’s first regulated film fund.

The AMC Vistaar Religare Capital Advisors Ltd has filed for approval as a venture capital fund.

The fund will be close-ended in nature with a lock-in period of five years and the fund shall have a corpus of Rs 200 crore.

The fund would invest in overseas film projects as well as in India.

The fund’s focus will be in providing opportunity for new directors, talent and writers. According to a release issued by Religare to the BSE today, the fund will attempt to create a scenario that will offer viewers more choice of selection and looks beyond the traditional “Star” system.

“This fund will aim at capturing the untapped potential within the country and produce entertaining, challenging, culturally relevant cinema. We will identify and promote new talent, be it directors, writers, technicians or actors,” said Mr Sheetal Talwar, Chairman and Managing Director, Vistaar Religare Capital Advisors Ltd.

More Stories on : New Fund Offer | Venture Capital | Cinema

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