MUMBAI: Film production company K Sera Sera is planning to raise up to $100 million to fund its expansion plans.
"The board has considered and approved the fund raising programme and in this connection approved to issue / allot Gobal Depository Receipts (GDR) / American Depository Receipts (ADRs) / Foreign Currency Convertible Bonds (FCCBs) / any securities convertible into equity shares, whether optional or otherwise, up to an aggregate amount of $100 million," the company said in a statement.
The Board has also approved the formal decision of allotting ESOP’s to the eligible employees and others, subject to various guidelines in existence and applicable laws including SEBI Laws and Corporate Laws.
