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Pyramid Saimira Theatre to raise funds

The board of Pyramid Saimira Theatre has considered and approved the raising of funds upto US$ 100 million through international offering of securities including FCCBs, GDRs, ADRs.

The board has also in-principally approved de-merger of Pyramid Saimira Content Distribution, a subsidiary company (distribution wing) and Pyramid Saimira Production International, a subsidiary company (production wing) from the parent company.

This was approved at the board meeting held on 25 August 2009.

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