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Media and entertainment firm UTV Software today said its board has approved to raise Rs 100 crore by issuing non-convertible debentures to Life Insurance Corporation of India.
The board has also approved the appointment of Robert Gilby and Sanjay Purohit as additional directors, UTV Software said in a filing to the Bombay Stock Exchange (BSE).
Gilby is the nominee of The Walt Disney Company (Southeast Asia) Pte Ltd and Purohit would be an independent director, the filing added.
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