STAR ready to sell 26% Balaji stake to promoters: STAR India is open to selling its 25.9 per cent stake in one of the country’s largest production houses, Balaji Telefilms, to its promoters. The broadcaster had bought the stake in 2004. Balaji Telefilms promoters include yesteryear screen idol Jeetendra, his wife Shobha Kapoor and other family members. The company is overseen by Jeetendra’s daughter, Ektaa Kapoor. (Business Standard)
R-Infratel tower biz deal to close in 2013: Reliance Communications Chairman Anil Ambani on Tuesday said he expected value unlocking in its telecom tower business to be completed next year. “After January 2013, spectrum auctions would be over. By then, there would be a fair amount of visibility on the number of players and their infrastructure requirements,†Ambani said at the company’s annual general meeting. (Business Standard)
Mother Earth eyeing new investors for small stores: Mother Earth stores that sell fashion and home items, plans to grow on the back of small stores at an investment of Rs 40 crore. The Future Ventures-promoted company hopes to get another round of funding through a new set of ‘social’ private equity investors to support its new expansion plans. (Business Line)
Courtesy: VCCEdge
