Maya Entertainment to raise Rs 50 cr via IPO

Our eFE Bureau

Mumbai, Jan 4: Ketan Mehta-promoted Maya Entertainment plans to raise Rs 50 crore through an initial public offering (IPO) in the next one year for expanding its production base.

"We are looking at Rs 50 crore. But the IPO will depend on market conditions," said Mr Mehta.

The company is converting Chacha Chaudhuri comics into a television series for Sahara. It will be launched in March and have 200 episodes. The serial will air thrice a week.