Nepean Capital acquires 50% stake in Dinesh Vijan's Maddock Films
Producer Dinesh Vijan has given us a wide variety of unique content in the last 17 years under his banner, Maddock Films. Now, the firm behind hits like Cocktail, Hindi Medium, Stree, Badlapur, Luka Chuppi, and Mimi is undergoing a major change. As per a recent report, Mumbai-based Nepean Capital has acquired a 50% stake in the company. Here is what that means.
According to a Pinkvilla report, the acquisition will help Maddock Films expand its influence in the digital sector. "I am proud of the body of work that Maddock has been able to showcase to the world," Vijan told the portal. "The Nepean private equity investment gives us the growth capital to expand our expertise in films to the digital and OTT space," he added.
Notably, Nepean Capital is a Mumbai-based fund management company. Speaking about the acquisition, the firm's co-founder and Managing Director Gautam Trivedi said, "Maddock is a young and dynamic enterprise that is known for its content-driven films delivered on tight budgets." "In the era of media convergence and digital explosion, we believe an investment in [a] content company such as Maddock will yield strong returns."
Meanwhile, the Go Goa Gone production house had last given us Hum Do Hamare Do, starring Rajkummar Rao and Kriti Sanon in October 2021. It will next release Bhediya, the third movie in its horror-comedy franchise (after Stree and Roohi). The Varun Dhawan and Sanon-led film is aiming for a November 2022 release. Meanwhile, Stree 2 and a Stree prequel are also being made.
Further, Vijan is bankrolling Tushar Jalota's Dasvi, which features Abhishek Bachchan, Nimrat Kaur, and Yami Gautam. He is also backing Laxman Utekar's untitled next, starring Vicky Kaushal and Sara Ali Khan, and Dhawan-led Ekkis. In July 2021, Vijan had acquired the rights of author Anuja Chauhan's murder mystery Club You To Death. It remains to be seen how it gets adapted for the screen.