South based media & entertainment company Midvalley Entertainment (MVEL) will be launching its Rs 60 crore initial public offering (IPO) on January 10, 2011. The issue will close for subscription on January 11. The price band and minimum bid lot will be announced soon. It is a film production, distribution and exhibition company, actively engaged in the media and entertainment industry in South India. It has presence in the media and entertainment activity from concept to completion i.e. from script to screen. It produces, distribute and exhibit movies both in Indian and foreign languages. Issue proceeds are proposed to be utilised for...
