Compact Disc India today said it will not diversify into the production of live-action films and strictly remain within the core business area of animation films.
"The company has decided to withdraw itself from the production of live-action films immediately," Compact Disc India said in a filing to the Bombay Stock Exchange.
Meanwhile, Laser Infomedia, a company owned by a promoter of Compact Disc, would set-up a developing and publishing Gaming Software Studio at New Delhi in collaboration with Singapore-based Golden Games Pte Ltd, within the financial year 2008-09, the company added.
Compact Disc India would invest maximum up to 15 per cent of the equity capital in Laser Infomedia.
Source : http://www.business-standard.com/
"The company has decided to withdraw itself from the production of live-action films immediately," Compact Disc India said in a filing to the Bombay Stock Exchange.
Meanwhile, Laser Infomedia, a company owned by a promoter of Compact Disc, would set-up a developing and publishing Gaming Software Studio at New Delhi in collaboration with Singapore-based Golden Games Pte Ltd, within the financial year 2008-09, the company added.
Compact Disc India would invest maximum up to 15 per cent of the equity capital in Laser Infomedia.
Source : http://www.business-standard.com/
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