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Swraj Paul’s company acquires TV channel

Lord Swraj Paul

LONDON: Lord Swraj Paul’s Caparo group has acquired a channel on Sky TV’s Electronic Programming Guide (EPG) which, it said, would provide base for Film24, in which Caparo is the principal shareholder.

In a statement here on Saturday, it said Film24 was an independent, multi-platform content business, producing high impact programmes and short features. It was co-founded by Caparo CEO Angad Paul along with Nicky Davis and Andrew Burns. They are Film24’s Chief Executive and Chief Operating Officer respectively. The famous Pinewood Shepperton Studios, where the channel is based, also has a stake.

Sky’s Channel 158, which Caparo has acquired, has been branded as Film24.

“We are very pleased to provide this platform for what we believe will be a rapidly growing international brand in television. Caparo’s main thrust continues to be the rapid growth of its manufacturing division, nevertheless our sometimes forgotten media division is gathering pace. As a television channel, Film24 provides the ideal addition to our film production and distribution activities. We are delighted to be working with such solid and experienced people in the U.K. and we look forward to exploiting Film24’s international possibilities in the not too distant future,” Mr. Angad Paul said.

He said Caparo was a fast growing group with a turnover approaching $1.5 billion . With business interests predominantly in the manufacture of steel, automotive and engineered products, the group’s wider activities included materials testing services, hotels, film distribution and private equity investment. In India, Caparo is making significant new investments in the automotive component sector.

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