Unique! Madhu Mantena Buys Anurag Kashyap, Vikramaditya Motwane and Vikas Bahl’s stakes in Phantom Movies – Occasions of India

There is a new twist within the story of Phantom Movies. In October 2018, Phantom Movies’ Anurag Kashyap, Vikas Bahl, Vikramaditya Motwane and Madhu Mantena determined to not work collectively anymore. Anurag had tweeted, “And all desires come to an finish. We did our greatest and we succeeded and we failed, however I do know for certain we’re all stronger and wiser and can proceed to pursue our desires in our personal particular person methods.” Now, Phantom Movies has undergone a change in its shareholders. ETimes has it that now the shareholders should not completely the identical and the change sees the official exit of Kashyap, Motwane and Bahl from the corporate.

The shares of Kashyap, Motwane and Bahl, who in any other case would have continued to carry and luxuriate in a 12.5 per cent share every, have been purchased by Madhu Mantena. So, hereafter, Phantom Movies will probably be a JV (Joint Enterprise) between Madhu Mantena’s new firm Mad Man Ventures and Reliance Leisure, each events holding 50 per cent. Earlier, it was a JV between Madhu-Kashyap-Motwane-Bahl (50 per cent) and Reliance Leisure (50 per cent).

So, how did all of it occur? A supply says, “One thought it was throughout for Phantom Movies as a model however Madhu had concepts to maintain it alive. Madhu obtained in contact with Kashyap, Motwane and Bahl and expressed an curiosity to purchase their stakes. The three of them agreed, the modalities had been quick labored out, the dealing was applied and accomplished amicably.”

When contacted, Madhu Mantena confirmed the story.

Established in 2013, Phantom Movies produced many films- ‘Lootera’, ‘Queen’, ‘NH 10’, ‘Bombay Velvet’, ‘Shaandaar’, ‘Manmarziyaan’ amongst others. Reliance Leisure picked up 50 per cent stakes in it in March 2015. After Kashyap, Motwane, Bahl and Mantena went separate methods two years in the past, two initiatives of Phantom Movies noticed the sunshine of day- ‘Tremendous 30’, ‘Sacred Video games’. One enterprise ’83 stays to be launched. All three had been arrange and locked previous to the break up.