Chennai-based entertainment company Mediaone Global Entertainment Ltd. has decided to launch a follow-on public offer of equity shares for a total of 1 billion rupees ($22.2 million), the company informed the Bombay Stock exchange on Wednesday.

A meeting of the company's board of directors decided to seek the consent of shareholders for the follow-on offer through a postal ballot process.

Mediaone owns and operates a number of movie theatres in the south Indian state of Tamil Nadu and is also involved in the production and distribution of films and television programs as well as events management. The company has a wholly owned subsidiary based in London.

One of Mediaone's best-known productions was the 2006 U.K. based English film "Provoked," starring Aishwarya Rai.