Midvalley Entertainment Ltd, a Chennai-based multinational Media & Entertainment company, will launch an Initial Public Offering (IPO) of Rs. 60 Crore. The issue will be open from 10 January to 12 January 2011.

MOIL IPO offers of 3.4 crore shares, the company plans to dilute 20% in stocks, whose share of the Centre will be 10% of total capital, while Madhya Pradesh and Maharashtra to sell the participation of Governments 5 % each in the company.