Film and television software production house K Sera Sera Productions today said its board has approved investment of surplus funds in buying the franchise of an Indian Premier League (IPL) team.     

The board of directors has approved the company's bid for a franchise in IPL team and thereby investing surplus fund of the company, K Sera Sera said in a filing to the BSE.     

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Further, the board has authorised Lai, to look for avenues for the growth through acquisition in stable, long term, branded businesses with strong revenue patterns.

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