Balaji Telefilms has received an approval for investment by Reliance Industries (RIL) through a preferential issue of 2,52,00,000 equity shares at Rs 164 each, aggregating to Rs 413.28 crore, subject to necessary shareholder and other approvals. The board of directors at its meeting held on July 20, 2017 has approved for the same. Axis Capital acted as the sole investment banker for this transaction.
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.
