Subsidiaries / Joint Ventures
As a part of the consolidation plan, during 2000-01, it augmented its share capital by swap of shares from Shareholders of group companies. And as of 31 March 2009, the company has the following subsidiaries / joint venture:
UTV Motion Pictures (UMP) PLC The Company was incorporated on March 27, 2007. On July 2, 2007 UMP Plc shares were admitted to trading on Alternate Investment Market (“AIM”) of the London Stock Exchange. UTV Software Communications Ltd. holds 76.82% of controlling stake of UMP Plc which in turn holds 99.75% controlling stake in UTV Motion Pictures (Mauritius) Limited and balance 0.25% is held directly by UTV Software Communications Ltd.
IG Interactive Entertainment Limited (IG)
IG was incorporated on September 6, 2004 with an intention to carry out Film Acquisition, Syndication and Distribution business in the United Kingdom.
UTV Communications (USA) LLC (UTV USA) UTV US was incorporated on April 26, 2004 with an intention to carry out film acquisition, syndication and distribution business in the United State of America (North America) and other surrounding territories.
UTV TV Content Limited (UTV TV)
UTV TV a 100% subsidiary of UTV Software Communications Ltd. It was incorporated on July 9, 2007 to carry on the business of producing, exhibiting and distribution of television serials/programmes for various television channels. RB Entertainment Limited (“RBEL”), a 60:40 joint Venture between UTV TV and Mr. Rajesh Beri, was incorporated on May 6, 2008 with intent of producing content for television channels.
First Future Agri and Developers Limited (FFADL)
The Company was incorporated on April 7, 2008 as First Future Agri and Developers Private Limited Company. On June 11, 2008, UTV Software Communications Ltd. acquired 100% equity stake in FFADL for a consideration of Rs. 0.10 million, thereby making it a wholly owned subsidiary of UTV Software Communications Ltd. On March 25, 2009 FFADL further allotted 15.99 million equity shares at par to UTV Software Communications Ltd. The status of FFADL was changed from a private limited company to public limited company on April 29, 2009.
UTV Global Broadcasting Limited (UGBL)
UGBL was incorporated on June 6, 2007 with an intention to carry on the business of broadcasting of satellite television channels in India. On August 8, 2008 UTV Software Communications Ltd. acquired 75% equity stake in equity shares of UGBL. UGBL is a parent company for its two wholly owned subsidiaries, Genx Entertainment Limited (Genx) and UTV Entertainment Entertainment Limited (UETL). Genx and UETL are engaged in the business of up linking and broadcasting entertainment (non-news/current affairs) channels from India.
On September 30, 2009 UTV Software Communications Ltd. acquired additional 10% equity stake in UGBL from Unilazer Exports and Management Consultants Limited (“Unilazer”) for a total consideration of the total stake of the company in UGBL increased to 85%.
UTV Games Limited (UTV Games)
UTV Games Limited is a 100% subsidiary of UTV Software Communications Ltd. and was incorporated on September 5, 2008 to carry on the principal activity as of investment holding. On September 10, 2008 UTV Games Limited acquired 80% equity stake in True Games Interactive Inc, (True Games) an online gaming start-up Company based in California, USA, thereby making True Games a downstream subsidiary of the Company.
UTV New Media Limited (UNML)
UNML a 100% subsidiary of UTV Software Communications Ltd. and was incorporated on September 20, 2007 to carry on the business of developing and maintaining websites and acquisition and exploitation of digital rights on mobile and digital platforms.
Smriti Irani Television Limited (SITL)
Smriti Irani Television Limited is a 50:50 Joint Venture between UTV Software Communications Ltd. and Mrs. Smriti Irani. SITL was incorporated on December 6, 2007 to house the joint venture with Mrs. Smriti Irani for television content production.
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Famous quotes containing the words joint and/or ventures:
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—Friedrich Nietzsche (1844–1900)