Total Exports to foray into film business


    MUMBAI: Madhya Pradesh based company Total Exports Ltd is planning to foray into the media and entertainment business.

    The company, at its board meeting on 4 January, 2008, will be looking at getting an approval for its entry into the media, entertainment and film distribution and marketing business.

    Total Exports Ltd is also planning to enter into a joint venture for infrastructure development across India for developing residential, commercial and industrial complex.

    The company’s board has given its consent to create, issue, offer and allot of 20,00,000 warrants on preferential basis convertible in one or more tranches to the promoters and select group companies owned by the promoters, as per the applicable provisions of Company Act, 1956, Guidelines issued by SEBI on preferential issue, FEMA 1999, RBI Guidelines, Listing agreements with Stock Exchanges and also subject to all such approvals, permissions, sanctions and consents required if any from the respective statutory authorities.