Atn To Diversify Into Film Production

The channel, synonymous with song and dance, has drawn up a blueprint to raise about Rs 70 crore for its diversification plans, that include starting another general entertainment channel. The company will go in for private placement with FIIs. ATN managing director Siddhartha Srivastava said, We are in talks in with a couple of FIIs for a 25 per cent bought out deal with the agreement being that the stakes have to be offloaded to the public within a year.