IFC Indian Film

 

TIDMIFC 
 
RNS Number : 9337A 
Indian Film Company Limited (The) 
16 October 2009 
 

Press Release 16 October 2009 
 
The Indian Film Company Limited 
("IFC" or the "Company") 
 
 
 Network 18 Declares Results for Quarter Ended 30 September 2009 
 
 
 
 
The Indian Film Company Limited (AIM:IFC), the leading Bollywood film investment 
company announces that Network 18 Media and Investments Limited ("Network 18"), 
the parent company of IFC, has today released its quarterly results to the BSE 
and NSE in India. These are available on Network 18's website, 
www.network18online.com. 
 
 
The financial information presented in Network 18's quarterly results includes 
information based upon IFC's management accounts which have been prepared on the 
basis of Indian GAAP.  Network 18's offer for the Company was declared wholly 
unconditional on 28 August 2009 and the offer was closed on 7 September 2009. 
The IFC results included in Network 18's quarterly results are for the period 
from 7 September 2009 to 30 September 2009. The revenue figure being reported 
for IFC for this period in Network 18's quarterly results is INR 124.76 million 
(GBP 1.62 million*). 
 
 
The Company is expecting to announce its half yearly report and unaudited 
condensed consolidated financial statements for the six months ended 30 
September 2009, prepared in accordance with IFRS, in December 2009. 
 
 
 
 
*Exchange rate of 1 GBP = INR 76.88 as at  30 September  2009 
 
 
+----------------------------------------------------------------------------+--+ 
| For further information, please                                            |  | 
| contact:                                                                   |  | 
| The Indian Film Company Limited                                            |  | 
| www.theindianfilmcompany.com                                               |  | 
| Sandeep Bhargava                        Tel: +91 22 6629 1723              |  | 
| Grant Thornton Corporate Finance                                           |  | 
| (Nominated Adviser)                                                        |  | 
| Fiona Kindness                          Tel: +44 20 7383 5100              |  | 
| Elara Capital plc (Broker)                                                 |  | 
| Raj Bhatt/Mary Phelan                   Tel: +44 20 7486 9733              |  | 
| Oriel Securities Limited (Broker)                                          |  | 
| Natalie Fortescue/Daniel Conti          Tel: +44 20 7710 7600              |  | 
| Pelham Public Relations                                                    |  | 
| Alex Walters/Francesca Tuckett          Tel: +44 20 7337 1500              |  | 
|                                                                            |  | 
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|                                                                            |  | 
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Notes to Editors 
 
 
The Indian Film Company Limited (the "Company") is a specialist film investment 
company which was admitted to trading on the AIM market in June 2007 and raised 
GBP 55 million in order to invest in a diverse portfolio of Indian films 
targeted at the Indian audiences across varying genre, language and budgets. The 
Company is managed by Film Investment Managers (Mauritius) Ltd., which is 
jointly and equally owned by Viacom Inc. and BK Media Mauritius PVT. BK Media 
Mauritius PVT is owned by Raghav Bahl, the founder and controlling shareholder 
of Network 18. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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