clear clear clear clear clear
clear
Movies
   Scoops & News

Sajid Nadiadwala's 100 crore plan!

April 26, 2008 3:41:00 PM IST
Bollywood Trade News Network
Send to Friend

Sajid NadiadwalaSajid Nadiadwala for Nadiadwala Grandson Entertainment today has announced that in a strategic move that his company has agreed to acquire a 50% stake in a high profile television channel. Channel name has been withheld because an official announcement is soon to follow. The investment is based on an enterprise value of 100 crore.

This is a great strategic move for NGE that reinstates the leading production house's corporate branding and business sense. .

On the acquisition, Mr. Nadiadwala, director Nadiadwala Grandson Entertainment said, "This acquisition is an important step from our company towards consolidation in the TV industry. We are confident that this will add immense value to the company and also strengthen our company profile. We have other expansion plans which we will announce shortly."

Considering that there are these winds of change in Bollywood where filmmaking is taking on new business heights, Nadiadwala Grandson adds a feather to their already studded cap even as the company continues making feel good cinema.

Says Sajid, "Nadiadwala Grandson has remained rock steady because of its single most desire to ENTERTAIN with clean family Entertainment. The banner has always made universal film with total dedication and creativity at the highest level. We have created success stories in romantic comedy genre. But saying that our new mantra would be that no consumer, no market, no opportunity, no genre is beyond reach. Today its television, tomorrow it could be new media. The sky is the limit."


 
 

 More on Glamsham


- BADLAPUR director Sriram Raghvan's is back with a thriller - News
- Deepika Padukone teases with her sensual look in RAABTA - News
- Disney not closing production in India - News
- Rishi Kapoor, Anil Kapoor, Kamal Hassan and their 'classic' connection with K Vishwanath - News
- Alia Bhatt spotted at Vishesh Films office - Picture Gallery
- Babe Of The Day - Picture Gallery
- Exclusive: Arjun, Shraddha, Ileana, Anil snapped at Mehboob studio - Picture Gallery
- Priyanka Chopra interacts for BAYWATCH - Picture Gallery
- Salman Khan and Kabir Khan snapped in Mumbai - Picture Gallery
- Whacky Parineeti Chopra goes 'Mental' now - Picture Gallery
- Another blow for The Kapil Sharma Show? - News
- Arjun-Shraddha Kapoor lock lips for 'Thodi der'! - News
- Bipasha Basu can't do without this and it's not Karan Singh Grover! - News
- Glamsham Effect: LIPSTICK UNDER MY BURKHA gets a clearance from CBFC - News
- Know why Sanjay Dutt got teary eyed! - News

   News Archives


   Comments

A Fifth Quarter Infomedia Pvt. Ltd. site.