Hungama Digital plans Rs 50 cr. rights issue for growth
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3 months ago 06:00:24am Television

Hungama Digital plans Rs 50 cr. rights issue for growth

New Delhi, 27-February-2024, By IBW Team

Hungama Digital plans Rs 50 cr. rights issue for growth

Hungama Digital Media Entertainment plans to raise Rs 50 crore through a rights issue, with the fund infusion expected to be completed by the end of March.

The timely infusion of funds through rights issue remains critical from a credit prescriptive, The Economic Times has reported. The company declined to comment, the report added.

Hungama is backed by Intel Capital Corporation, Bessemer Venture Partners Trusts, XIAOMI Singapore and Rare Enterprises, the investment firm of the late Rakesh Jhunjhunwala.

After the death of Jhunjhunwala, his stake in Hungama was transferred to his wife, Rekha Rakesh Jhunjhunwala.

Hungama is a leading digital entertainment company with interests in music, video and gaming.


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