Mumbai-based Baba Arts Films, which produced hits like 'Ishq' and 'Pyar To Hona Hi Tha', now plans to make Tamil and Telugu movies and looks to raise Rs 100 crore through foreign currency convertibles and preferential shares.
"We plan to raise Rs 100 crore (Rs 60 crore via FCCB and Rs 40 crore via preferential share) post-March. Also, we plan to enter the southern market of Tamil Nadu with our maiden venture," Baba Arts managing director Gordhan Tanwani said.
Source: Chennai Online
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