Amarnath Securities Limited announces about the Fund Aggregation Mandate for Media Investment

Amarnath Securities Ltd, a RBI Registered NBFC, in process to enter into diverse portfolio with a view to enhance shareholders wealth, announced that, Amarnath Securities Ltd has received a fund aggregation mandate to invest ₹100 crore in the media and entertainment sector, in collaboration with renowned author and filmmaker Dr. Deepak Singh.

This strategic investment marks Amarnath Securities' foray into content creation, with a focus on feature films, web series, and high-quality entertainment content. The initiative aligns with the company's diversification strategy and long-term vision for entering the rapidly growing media industry.

Dr. Deepak Singh, known for his critically acclaimed films Soorma, Tiger, and The Bad President, will lead the creative direction of this investment. The partnership will initially allocate ₹100 crore towards content development, with the potential for additional funding based on postrelease collaborations and studio partnerships.

This marks a major milestone for Amarnath Securities, expanding its portfolio into a dynamic and rapidly growing industry. The investment will focus on feature films, web series, and other high-quality entertainment content, with further strategic investments planned based on project success and distribution partnerships.

Mr.Chaten Patel, Executive Director of the Company, said, in line with Company's vision under my leadership to enter into new business avenues, with a proposed surrender of NBFC license and After meeting several production houses and filmmakers, I was truly inspired by Dr. Deepak Singh's vision and storytelling skills, His ability to craft meaningful and inspirational narratives makes him the perfect creative partner. We are committed to supporting his content through this ₹100 crore investment in the first phase, with further funding planned post-release collaborations and studio tie-ups.

Shares of Amarnath Securities Limited was last trading in BSE at Rs. 14.00 as compared to the previous close of Rs. 13.34. The total number of shares traded during the day was 1104 in over 5 trades.

The stock hit an intraday high of Rs. 14.00 and intraday low of 14.00. The net turnover during the day was Rs. 15456.00.

Source : Equity Bulls

Keywords

AmarnathSecurities INE745P01010 NBFC FundAggregationMandate Investment Media Entertainment