Chennai Sanra Software Ltd (SSL) plans to acquire animation and gaming studios in India and abroad.
Pointing out that the SSL is looking at companies with strong IP creation base and marketing tie-ups, A. Venkatramani, SSL chairman, said, "We are evaluating two companies for acquisition. This will be finalised in next two months," he said without divulging into further details about the two companies.
The company is planning to raise funds worth $28.5 million through American depository receipts or global depository receipts in next two months. He also said that SSL might consider a private placement depending on the market condition.
SSL will be setting up 50 centres for career oriented training in animation and gaming by 2010.
sources :http://www.televisionpoint.com
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