Network l8 to invest $10 mn in The Indian Film Company

New Delhi, Apr 30 (UNI) Network l8 Fincap Ltd, the Group holding company of TV18, GBN, Web18, HomeShop 18 and Studio 18, today said it will invest 10 million dollars in The Indian Film Company, proposed to be listed on the Alternative Investment Market (AIM) of the London Stock Exchange.

Network 18 will invest in the 110-million-dollar venture through ordinary shares allotted at par, it informed the BSE.

The Indian Film Company is being sponsored by Mr Raghav Bahl, Founder and Promoter of the TV18 Group.

Studio18, the full spectrum motion picture division of Network 18, will enjoy a special relationship with The Indian Film Company and will offer all its productions to the AIM-listed company on a 'first rights' basis.

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