DQ Entertainment enlisted on AIM
Hyderabad,
Dec
21:
DQ
Entertainment
Ltd,
one
of
the
leading
animation
and
game
art/FMV
group,
has
raised
funds
to
the
tune
of
US
Dollar
56
million,
through
its
listing
on
the
Alternative
Investment
Market
(AIM),
London
Stock
Exchange.
According to a press release, the funds raised would be primarily used for DQE's expansion of several production facilities in India and to increase sales and distribution network worldwide. The funds would also be used to co-invest in IPR's global partnerships and for immediate European acquisitions and joint ventures, it added.
DQE CMD and CEO Tapaas Chakravarti said, ''the global animation and gaming industry is growing over 10 per cent CAGR. We are ideally placed to exploit immense national and international market opportunities with our proven track record of highest quality, creative talents and comprehensive international partnership for iconic branded IP co-productions.''
UNI