While Ghai holds 50.1 per cent stake in the company, Manish has 49.9
per cent holding. The new company is in the process of setting up a
team of directors and script writers. Says Manish, "My association with
Subhash Ghai goes back a long way. Our families have known each other
even before the Partition. We have always wanted to do something
together, and Red Carpet is a result of that."