Fidelity takes stake in BAG Films & Media


    MUMBAI: Mauritius based Fidelity (FID Funds) has acquired a 10 per cent stake in Anurradha Prasad’s BAG Films & Media Limited. The investment is valued at over Rs 620 million.


    Prasad said, “We are delighted to have an internationally acclaimed company as our partner in our endeavour for expansion in 360° of media space. Going forward, we are confident of continuing to achieve all the milestones as planned.”


    The company has also increase its authorized capital from the present Rs 250 million to Rs 300 million.