Mumbai, Jan 5 (IANS) In a landmark move for the entertainment industry, Universal Music India (UMI) has acquired a 30 per cent equity stake in film and digital content studio Excel Entertainment, valuing Ritesh Sidhwani and Farhan Akhtar’s company at Rs 2,400 crore. The announcement was made during an event in Mumbai on Monday, in which Maharashtra Chief Minister Devendra Fadnavis was also present.Elated about the announcement, the Chief Minister credited Prime Minister Narendra Modi for sowing …
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