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Moser Baer unit to raise $50 mln

Moser Baer Entertainment Ltd may raise up to $50 million in equity and debt to fund its expansion plans, the Economic Times reported on Wednesday, quoting industry sources.

Moser Baer Entertainment is a unit of optical media maker Moser Baer India Ltd .

Moser Baer officials could not be reached for comments.

Moser Baer Entertainment is in talks with private equity firms including ChrysCapital and Warburg Pincus, the paper said.

Moser Baer acquired entire shareholding of Moser Baer Entertainment from its wholly owned subsidiary Moser Baer SEZ Developer in February. (Reuters)

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