Sowbhagya Exports to release "Aadivaram Aadavallku Selavu"

Sowbhagya Exports Ltd has announced that the Company's management control and controlling shareholding has been taken over by M/s. Siri Media Pvt Ltd after compliance with the guidelines of SEBI (Substantial Acquisition & Takeover) Regulation, 1997.

After take over, the Company has diversified into Media and Entertainment Sector. The Company has already produced one Telugu Movie by name "GAME" Starring Padmasri Mohan Babu and others and released during the last week of September, 2006. Now the Company is doing one Telugu Movie named as "Aadivaram Aadavallku Selavu" which is near completion and it will be released by the end of this month after completing the Post Production work.

The Company is also planning to produce and distribute Movies in Telugu and other languages.

Source : Equity Bulls

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