Balaji Telefilms gets nod to sell 25% stake to RIL

Balaji Telefilms Ltd. | Film Production, Distribution & Entertainment | Media | BSE: 532382 | NSE: BALAJITELE

23 Aug 2017 Evaluate

Balaji Telefilms has received its board approval for allotment of 2.52 crore equity shares to Mukesh Ambani-led Reliance Industries (RIL) for a total consideration of Rs 413.28 crore.

Earlier in July, RIL’s board approved to pick around 24.9% stake in Balaji Telefilms by acquiring 2.52 crore shares for around Rs 413 crore.

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.

Peers

Company Name	CMP
PVR Inox	1270.50
Saregama India	498.05
Shemaroo Entertain.	122.00
UFO Moviez India	60.30
Balaji Telefilms	95.71
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