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Actor Mohanlal launches broking company

Press Trust of India  |  Kochi 

Film actor Mohanlal, who has essayed different roles in Malayalam, Tamil and Hindi films, is trying his hands in a new arena — equity trading.    

The actor has joined hands with Baby Marine Exports, Fedex Securities, Smart Financial Thakker Group and industrialist S M Hegde to promote the broking company — Hedge Equities, which is expected to start operations shortly.    

The company will have 15 branches in the state in the first phase and also has plans to open branches in Tamil Nadu, Karnataka and Andhra Pradesh, company sources said.  
Hedge Equities will be offering equity, futures, options, depository services, commodity broking and mutual funds distribution to its customers.    

This venture comes shortly after Mohanlal launched Max Lab Entertainments, which will focus on film distribution, production and running multiplexes and shopping malls in the state.   

Film producer Antony Perumbavoor and industrialist K C Baby are among those who have parterned with the actor for the new venture.

The company would be setting up a chain of multiplexes and shopping malls in Chalakaudy in Thrissur, Kozhikode, Ponani and Pathnamthitta.    

Among his other business ventures are a star hotel in Kochi — The Travancore Court.

The actor had also launched 'masalas' under the brand name ''Mohanlal's Taste Buds' which had now been sold to Eastern Condiments.

However, he continues to be the brand ambassador for the same.

First Published: Thu, August 28 2008. 11:19 IST