Back in April 2021, it was reported that the CEO of Reliance Entertainment, Shibasish Sarkar, will spearhead the primary particular objective acquisition firm – International Media Acquisition Corp., a New Jersey-registered firm. It was additionally revealed that the corporate “aims to raise $200 million-$230 million through an IPO on the NASDAQ exchange within the next 12-18 months.”
Now, a report in Variety states that large names from the Indian movie trade are investing in the corporate. Actor-producer-director Ajay Devgn, Vidyut Jammwal, filmmakers Mani Ratnam, Rohit Shetty, Imtiaz Ali, Luv Ranjan, and Neeraj Pandey are a number of the celebrities who’re investing in the corporate. Shibasish Sarkar is the chairman, CEO, and main shareholder in his firm.
The report additionally revealed that many extra trade names are supporting the enterprise – T-Series Head Honcho Bhushan Kumar, Mumbai Movie Studio, Supriya Yarlagadda of Annapurna Studios, B.V.S.N. Prasad’s Sri Venkateswara Cine Chitra, S. Shashikant’s Y Not Studios, Deepa Tracy’s Storiculture, Vishwa Prasad of People Media and Syed Taher Ali’s Taher Cine Tekniq.
The board of administrators of IMAC contains Sanjay Wadhwa, Managing Partner of AP International Group, David Taghioff, CEO of movie funder Library Pictures International; and Greg Silverman, present head of Stampede Ventures, former Disney India Executive Vishwas Joshi would be the Finance Director at IMAC; U.S. businessman Paul Pelosi Jr., Greenland government producer Deepak Nayar and Suresh Ramamurthi, chairman of CBW Bank are a number of the large names.
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