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India's UTV Begins Trading on London AIM Market

On Monday, July 2, 2007, Indian production company UTV Motion Pictures Plc began trading on London's junior market AIM, reports REUTERS. Shares jumped 6% over by the close of its first day, finishing at $3.075. The total value of the shares is $320.2 million.

UTV plans to invest the money earned on AIM into 30 productions over the next two years. The firm has 25 films in the pipeline and has put its funds behind such Hollywood films as THE NAMESAKE and M Night Shyamalan's upcoming THE HAPPENING.

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