Balaji Telefilms to consider fund raising options; stock gains 5%
DSIJ Intelligence / 19 Jul 2017
Balaji Telefilms was trading up by Rs 7.70 or 4.19% as at 1200 hours on Wednesday, on the BSE. The stock has hit an intraday high of Rs 194.90.
During Wednesday’s trade, Balaji Telefilms advanced over 5% on the BSE ahead of its board meet on Thursday, July 20, 2017, in which various fund-raising options will be considered.
On Monday,in a BSE filing post market hours, the company had said that a meeting of the board of directors will be held on July 20, 2017, to consider various fund raising options including raising funds through issue of securities on preferential basis, subject to approval from the shareholders of the company and other necessary approvals, if any.
At Rs 191.60, Balaji Telefilms was trading up by Rs 7.70 or 4.19% as at 1200 hours on Wednesday, on the BSE. The stock has hit an intraday high of Rs 194.90.
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