Moser Baer Hiving Off Entertainment Unit; To Unlock Value

Entities Mentioned

• Blackberry
• Moser Baer
• Moser Baer Entertainment

1. India's largest optical disk maker Moser Baer India Pvt Ltd is planning to hive off its entertainment business into a new entity. The company has valued Moser Baer Entertainment at Rs 250 crore. The company is seeking shareholders approval regarding this decision. The transfer will be made through a slump sale of the entertainment business by Moser Baer to Moser Baer Entertainment, and the new company will act as a 100 per cent subsidiary of Moser Baer. The company has taken this decision in order to unlock value and increase its focus on the entertainment business. Moser ... (Read Full Article)

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