Comcast Corp's Universal Studios is in discussions with Excel Entertainment, the Indian movie production powerhouse founded by Farhan Akhtar and Ritesh Sidhwani, for a potential stake in the company, according to sources within merchant banking. If the deal goes through, it could involve anything from a minority stake up to a 50 per cent share, primarily through new capital infusion, said those aware of the development.
An e-mail to Excel Entertainment and a query directed to co-founder Sidhwani did not elicit a response. Comcast also did not respond to email requests for comment.
This story is from the November 15, 2024 edition of Business Standard.
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This story is from the November 15, 2024 edition of Business Standard.
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