Investment6 May 2026, 08:01 pm
Vashu Bhagnani invests ₹10.09 Cr in Modern Productions FZ LLC
AI Summary
Vashu Bhagnani Industries Ltd has invested ₹10.09 Crores in its wholly-owned subsidiary, Modern Productions FZ LLC, UAE, by subscribing to 4419 shares at a premium. This investment aims to enhance working capital and facilitate entry into new real estate ventures. The target entity, Modern Production FZ LLC, reported a turnover of ₹732.63 lakhs for FY 2025-26 and is involved in the production and distribution of motion pictures, movies, videos, and television programs.
Key Highlights
- Vashu Bhagnani Industries invests ₹10.09 Cr in Modern Productions FZ LLC.
- Investment involves subscribing to 4419 shares at a premium.
- Modern Productions FZ LLC is a wholly-owned subsidiary in UAE.
- Investment to enhance working capital and enter real estate ventures.
- Modern Productions FZ LLC turnover for FY26 was ₹732.63 lakhs.