Bollywood’s B4U targets $120 mil

Aims for August launch

NEW DELHI — Bollywood movie channel B4U, backed by steel baron Laxmi Mittal, plans to raise $120 million for its expansion plans in India.

The digital movie channel hopes to launch in India by August. It currently telecasts Hindi movies in Europe, the U.S. and western Asia.

Ravi Gupta, B4U CEO in India, says the channel will start a regional language movie channel, B4U South, later this year.

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