Ekta Kapoor bought 34,16,700 shares and FIIs bought 1,12,99,712 shares via preferential issue of this penny stock under Rs 100
The stock is up by 57.34 per cent from its 52-week low of Rs 56.26 per share.
On Thursday, shares of Balaji Telefilms Ltd gained 0.87 per cent to Rs 88.52 per share from its previous closing of Rs 87.76 per share. The stock’s 52-week high is Rs 143.63 and its 52-week low is Rs 56.26. The stock is up by 57.34 per cent from its 52-week low of Rs 56.26 per share.
The Board of Directors of Balaji Telefilms Limited, at their meeting held today, i.e. on December 19, 2024, inter-alia considered and approved the issuance and allotment of up to 1,78,59,776 equity shares of face value Rs 2 each to the Proposed Allottees listed in Annexure A, through a preferential issue for Rs 73.17 per equity share. This pricing complies with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The total amount to be raised through this issue is up to Rs 130,67,99,810, subject to shareholder and regulatory approvals.
In the allotment, the promoter - Ekta Kapoor bought 34,16,700 shares; FIIs (including names Atyant Capital India Fund I; Vanderbilt University- Atyant Capital Management Limited; Gothic Corporation; The Duke Endowment; Gothic HSP Corporation and Employees’ Retirement Plan of Duke University) bought 1,12,99,712 shares and a non-promoter - Mr. Sanjiv Dhireshbhai Shah bought 31,43,364 shares.
Earlier, the company announced that Priyadarshan's much-awaited horror-comedy, Bhooth Bangla, starring Akshay Kumar, is all set to release on April 2, 2026. The film's production has officially commenced, marking the reunion of the iconic duo of Priyadarshan and Akshay Kumar after a 14-year hiatus. With a stellar creative team and a promising storyline, Bhooth Bangla is poised to be a blockbuster that seamlessly blends humour and horror, making it one of the most anticipated films of 2026.
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About the Company
Balaji Telefilms is a diversified entertainment company with over 25 years of experience. They produce television shows, movies, and digital content, with a strong presence in the Indian market. While television remains their largest revenue source, their digital platform, Alt Balaji, is growing rapidly. The company is focusing on maintaining a healthy balance sheet and building strategic partnerships to achieve sustainable growth.
The company has a market cap of Rs 899 crore and Ekta Kapoor owns an 18.16 per cent stake while Reliance Industries Ltd own a 24.82 per cent stake as of September 2024. Investors should keep an eye on this film-making stock.
Disclaimer: The article is for informational purposes only and not investment advice.