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Religare & Vistaar join to launch Film Fund

This article was posted on Mar 4, 2008 and is filed under Press Releases

Religare Enterprises Limited along with Vistaar Entertainment Ventures today announced the launch of the “Vistaar Religare Film Fund” (VRFF), India’s first ever film fund. VRFF will be India’s first regulated film fund and the AMC Vistaar Religare Capital Advisors Limited, has filed for an approval with SEBI as a Venture Capital Fund (VCF). The Fund shall, in the first round, have a corpus of approximately Rs. 200 crores and would be close-ended in nature with a lock-in of 5 years.

The Vistaar Religare Film Fund would be a first in market product and would invest in film projects in India and Overseas. The fund shall focus on providing new talent a platform for equality of market exploitation. The Fund will focus on “The Business of Show Business…” and provide ample opportunity for new directors, talent and writers. With a strong investment committee, the key to success is the choice of strong scripts that shall be the touchstone of the funds investment strategy. The attempt will be to create a scenario that offers viewers more choice of selection and looks beyond the traditional “Star” system.

Commenting on the launch, Mr. Sunil Godhwani, CEO and MD, Religare Enterprises Ltd said, “We have always believed in innovations and for us spotting new opportunities for creating and maximizing wealth for our investors is a constant. This Fund will be yet another step from our umbrella in that direction and it’s a strong combination of sharp, seasoned financial minds along with experienced and innovative minds from the business of entertainment and films.”

Echoing Mr. Godhwani’s sentiments in the same breath, Mr. Sheetal Talwar – Chairman & Managing Director, Vistaar Religare Capital Advisors Ltd commented, “India has always had an immense depth of undiscovered talent. The Vistaar Religare Film Fund will aim to capture this remarkable but untapped potential within the country and produce entertaining, challenging, culturally relevant cinema – cinema with a soul. We will identify and promote new talent, be it directors, writers, technicians or actors and with a partner like Religare, we feel we have a winning formula.”

Sourced From: Hanmer & Partners Communications Pvt. Ltd

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