Balaji Telefilms has received an approval to raise funds not exceeding Rs 250 crore by way of QIP/GDR/ADR/FCCB/ other securities linked to equity / preference shares / any instrument or securities representing convertible securities subject to approval of the shareholders of the company and other necessary approvals, if any.
The board of directors at their meeting held on November 09, 2015 has approved for the same. The board has also approved to increase the authorized share capital of the company from Rs 20 crore to Rs 26 crore, subject to approval of shareholders.
Balaji Telefilms is India’s leading integrated media conglomerate with market leadership in the motion picture and television content industries, among other entertainment-led businesses.
