Sources said Vishal Gondal, founder of Indiagames, along with existing investors Cisco and Adobe, are in talks with both private equity consortia and strategic investors to buy back the stake they'd once sold to the parent firm.
Indiagames is a leading developer and publisher of mobile and online games.
The reception area is packed with young turks in their early 20s, dressed in jeans and T-shirts, waiting patiently for their interview.
UTV Software Communciations has acquired the promoter and employee shareholding of 30.02 per cent in Indiagames -- mobile and online gaming developer and publisher -- for Rs 94.56 crore (Rs 945.6 million).
UTV will also invest Rs 135 crore to enhance its existence in the animation movies segment in the next 3 years.
The company has entered into an arrangement with Indiagames and its promoters for acquisition of majority stake in the mobile and online gaming company for a consideration of around Rs 68 crore.
Combines UTV, Disney, Indiagames businesses to drive growth in mobile, online, interative TV
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