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Thursday, March 12, 2026 12:38 AM

fundraising

Green Gold Animation, the studio behind the popular Chhota Bheem franchise, plans ₹250 crore fundraise at ₹800 crore valuation

Green Gold Animation — the Hyderabad-based studio known for creating the iconic Chhota Bheem series and the Krishna animated films — is looking to raise ₹250 crore at an estimated ₹800 crore valuation as it gears up for a major expansion, founder Rajiv Chilaka revealed. With a workforce of nearly 500 employees, the two-decade-old company aims to develop fresh intellectual properties (IPs) and significantly scale up its animation production capabilities for both Indian and global markets. “We are considering a ₹250 crore raise at an ₹800 crore valuation to power our next phase of growth, with a strong focus on enhancing our animation infrastructure and creating new IPs,” Chilaka said. He added that the company is even open to a potential shift in ownership, provided the strategic partner aligns with its long-term vision. “If a controlling investor can help us scale sustainably and responsibly, we’re open to that conversation,” he noted. The move comes at a time when India’s media and entertainment landscape is undergoing rapid consolidation, shrinking content budgets, and changing viewer habits — pushing animation studios to reassess scale, efficiency, and monetisation strategies. Source: Economic Times

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Zee Entertainment Shareholders Approve Plan to Raise ₹2,000 Crore

Zee Entertainment Enterprises Ltd. (ZEEL) shareholders have approved a plan to raise ₹2,000 crore through various financial routes, including equity shares and qualified institutions placements (QIPs). The special resolution, which allows the company to issue securities for an amount not exceeding ₹2,000 crore, was passed with 78.83% of the total votes, according to a scrutinizer’s report filed by Zee. The remote e-voting process for the special resolution began on Sunday and concluded on Monday, July 15, 2024, at 5 pm. ZEEL plans to raise the funds in one or more tranches through methods such as private placements, qualified institutional placements, preferential issues, or a combination of these options. While the company has not yet disclosed specific plans for the raised amount, industry experts expect it will be partially allocated toward business expansion. This fundraising comes after the termination of a merger agreement between Sony Corporation and ZEEL to combine their entertainment businesses in India. Following the deal’s termination, ZEEL announced a strategic realignment of its revenue verticals under the direct guidance of its MD and CEO. Karan Taurani, SVP at Elara Capital, commented on the development, stating, “This move could improve investor confidence, depending on the quality of the investors involved.” He added, however, that further clarity is needed on the fund’s potential utilization and the exact method through which it will be raised. Source: Business Standard

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