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Our Bureau

Mumbai , March 4

FILM and television software production house K Sera Sera Productions Ltd on Friday announced its decision to tap the capital markets to raise funds not exceeding Rs 60 crore.

The funds raised would be utilised to further the company's business of film and television software production as well as distribution of films in selected areas.

The company has already produced films such as Ek Hasina Thi, Darna Mana Hai, Ab Tak Chappan, Gayab, Naach and Vaastu Shashtra in association with Ram Gopal Varma. At present, it has four films on the floors: My Wife's Murder, James, Sarkar and Darna Jaroori Hai.

K Sera Sera has also decided to appoint Enam Financial Consultants Pvt Ltd and UTI Securities Ltd as lead managers to the issue. These decisions were taken at meeting of the company's board of directors on Friday. The board also accepted the resignation of Tiwari Samani & Associates as joint auditors of the company and appointed RSM & Co in its place. An Extraordinary General Meeting of the company has been convened on April 9 to endorse this decision.

K Sera Sera also produced two serials for Sahara One: Aao Bahen Chugli Karen and Kuch Love Kuch Masti. The company is working on several serial ideas in different genres, the first of which is likely to be aired on Zee TV by April 18.

For the nine months ending December 2004, the company reported a 233-per cent jump in its net profits, to Rs 248 lakh as against Rs 74.6 lakh in the corresponding period last year.

During the same period, income from operations jumped to Rs 3,335 lakh from Rs 1,064 lakh in the corresponding period last year.

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