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Balaji Telefilms Promoters Increase Equity Stake

India’s leading television and film production Company, Balaji Telefilms Limited (BTL), with differentiated strengths across both the Motion Pictures and Television segments, today announced that its promoters Mrs. Shobha Kapoor, Ms. Ekta Kapoor have acquired 28,43,000 equity shares at INR. 63.60 per equity share.

Details of transaction are as below:

  • Prior to the acquisition, Mrs. Shobha Kapoor had equity shareholding of 14% in BTL. Post-acquisition of equity shares from Star Middle East FZ-LLC, the shareholding is now increased to 15.31% (99,82,462 equity shares)
  • Prior to the acquisition, Ms. Ekta Kapoor had equity shareholding of 20.81% in BTL; post-acquisition of equity shares from Star Middle East FZ-LLC, the shareholding is now increased to 23.87% (1,55,62,704 equity shares)
  • Mr. Sameer Nair, Group CEO, Balaji Telefilms has acquired 416,000 equity shares. His current holding now stands at 1.06% (692,729 equity shares)

Commenting on the development Mrs. Shobha Kapoor, Managing Director, Balaji Telefilms Limited said, “Balaji Telefilms has in place a very strong growth platform in both the Television and Motion Pictures segments. We are very optimistic about our growth outlook that is being driven by a highly capable leadership team. This transaction is reflective of our confidence in the Company and its growth story."

Adds Mr. Sameer Nair, Group CEO, Balaji Telefilms Limited, “We have already embarked upon several exciting strategic initiatives which we believe will translate into improved operating and financial performance. We are also very well poised to capitalise on the several opportunities opening up in the media industry.”

Source: Balaji Telefilms