India’s Reliance Mediaworks to raise $110m from PE
Reliance Mediaworks (RMW), a Indian film and entertainment services company controlled by billionaire Anil Ambani, has raised INR6.05 billion ($109.7 million) from a foreign private equity fund. The capital will be used to cut debt and for business expansion.
The company confirmed to local media that it has reached a 90-day exclusivity agreement with an investor, subject to due diligence, definitive documentation and approvals, and its film and media services...
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