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India's UTV aims for London stock listing


April 13, 2007 Mumbai-based entertainment company UTV Software Communications said Thursday that it will transfer its motion picture activities into an overseas subsidiary, UTV Motion Pictures, to be listed on the London Stock Exchange's Alternative Investment Market. The announcement followed a board meeting and a notification filed Wednesday with the Mumbai Stock Exchange to this effect. Parent UTV Software Communications Ltd. is a media conglomerate with four core business areas -- television, new media (including animation), gaming and postproduction/special visual effects.

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