MUMBAI: The board of K Sera Sera Productions Ltd, the film production company, has approved the issuance of convertible warrants to Bennett Coleman & Co. Ltd (BCCL).

Indiantelevision.com had reported first that BCCL, the company that owns The Times of India Group, is planning to pick up a 10 per cent stake in K Sera Sera.

K Sera Sera said the board at its meeting held on 26 September approved the “issue of fully convertible warrants on preferential basis to the Times Group- Bennett Coleman & Co. Ltd.”

The company also announced that the board has approved issue of optionally convertible redeemable bonds to Global Trade Finance towards settlement of their dues in full.