Balaji Telefilms Ltd to issue 2.52 crore shares to Reliance Industries at Rs. 164

The Board of Directors of Balaji Telefilms Ltd, at their meeting held today i.e. July 20, 2017 have approved the issue of 2,52,00,000 equity shares of the Company ('Equity Shares') to Reliance Industries Limited at a price of INR 164 per share aggregating to INR 413.28 crores on a preferential basis and have proposed to hold Extra Ordinary General Meeting (EGM) of the Company on August 16, 2017 for seeking approval of the same.

Shares of BALAJI TELEFILMS LTD. was last trading in BSE at Rs.186.65 as compared to the previous close of Rs. 189.95. The total number of shares traded during the day was 535872 in over 6419 trades.

The stock hit an intraday high of Rs. 197.95 and intraday low of 179. The net turnover during the day was Rs. 100995809.

Source : Equity Bulls

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