Saturday, March 29, 2008

IPO Can Wait, But Showbiz Can’t

Is Yash Raj Films planning a joint venture with any of the international film studio banners?

Walt Disney is Yash Raj Films’ co-producer in the animation film Roadside Romeo, which is releasing on Diwali. This is the only international venture we have so far and we finalised it last year.

Any plans to strike an alliance with a foreign partner? As of now, there are no international ventures. It’s true that people are talking to us. But unless something is finalised, I can’t talk about it.

What’s the news on the IPO front? There’s no decision on an IPO yet. The IPO buzz is only a conjecture. This year we have five films, next year we want to raise the figure to 7-8 films. If need be, we may go for an IPO. If not, we won’t.

Are you waiting for the markets to recover in a big way? A couple of months ago, the markets were all right. Yet, we did not go for an IPO. It’s important for us to make up our own minds on whether to go for an IPO or not. At this point, we have not made up our minds to go for an IPO.

Is there any other fund-raising route that you are looking at? There were talks about private-equity firm Blackstone striking a joint venture with the Yash Raj group. Isn’t it?

The Blackstone buzz was mainly because people saw me with Akhil Gupta, the India head of Blackstone. It was not about business. I’ve known him very well for many years.

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