IDBI picks up 10% stake in BAG Films subsidiary B.A.G. Infotainment Pvt Ltd

BAG Films Ltd has announced that on January 11 2007 IDBI has picked up 10% Equity Shares at par in B.A.G. Infotainment Pvt Ltd a subsidiary of the Company.

B.A.G. Infotainment Pvt Ltd has ventured into FM Radio business and has already obtained licenses for 10 FM stations across the states of Himachal Pradesh, Punjab, Haryana, Madhya Pradesh, Maharashtra, Bihar and Jahrkahnd.

Source : Equity Bulls

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