Altima India Master Fund mulls 14% stake in Indian Film Co.

MUMBAI: Asian hedge fund Altima India Master Fund is looking at picking up 14.39 per cent in AIM listed The Indian Film Company.

Altima India Master Fund is interested in acquiring 7,913,500 ordinary shares in the company, which represents 14.39 per cent of the company’s issued share capital.

Altima India Master Fund  is a controlled undertaking of Altima India Master Fund Limited and both companies are domiciled in the Cayman Islands. The fund is advised by Altima Partners Limited, a UK partnership, authorised and regulated by the FSA.

In September this year, Deutsche Bank AG picked up 10.55 per cent stake in The Indian Film Company, whereas HSBC Investments (Singapore) upped its stake in the company to 9.10 per cent last year.

Television 18 chairman and managing director Raghav Bahl holds 21.64 per cent in The Indian Film Company, Elara Capital holds 10.97 per cent. Apart from these, Dundee Leeds Management holds 9.09 per cent, Kelusa Master Fund holds 6.36 per cent; BlackRock Merrill Lynch Investment Mgrs holds 6.18 per cent, whereas Viacom Brand Solutions holds 4.55 per cent.

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