MUMBAI: The Times of India Group is likely to acquire a 10 per cent stake in film production and distribution company K Sera Sera Productions.
The Times Group, which is a part of Bennett Coleman & Co. Ltd, has shown interest and in-principle agreed to subscribe the warrants of the company.
K Sera Sera board of directors will be meeting on 7 September to consider the issue of convertible warrants to The Times Group up to 10 per cent of the capital of the company.
As was reported earlier by Businessofcinema.com, K Sera Sera is also planning to raise Rs 1 billion (Rs 100 crore) via a global depositary receipt (GDR) offering. Additionally, the company is also mulling an investment in a Indian Premier League (IPL) team.