K Sera Sera plans to raise $100 million

MUMBAI: Film production company K Sera Sera plans to raise up to $100 million to fund its expansion programme.

K Sera Sera has, however, not firmed up the route through which it will raise the amont.

“The board has considered and approved the fund raising programme and in this connection approved to issue / allot gobal depository receipts (GDR) / american depository receipts (ADRs) / foreign currency convertible bonds (FCCBs) / any securities convertible into equity shares, whether optional or otherwise, up to an aggregate amount of $100 million,” the company said in a statement.

The scrip closed on Friday at Rs 16.93 on the BSE, up 4.96 per cent.