Balaji Telefilms stock touch its 52-week high of Rs 202.80 per share
DSIJ Intelligence / 21 Jul 2017
Balaji Telefilms gained 5.14% at Rs 196.25 per share on BSE. The stock touched its 52-week high of 202.80 per share on Friday.
Ahead of a proposed stake sale to Reliance Industries, Balaji Telefilms gained 5.14% at Rs 196.25 per share on BSE. The stock touched its 52-week high of 202.80 per share on Friday.
On Thursday, Reliance Industries announced that the board of directors of the company have approved an investment in Balaji Telefilms to acquire 2.52 crore equity share, constituting 24.92% stake of the television and movie production house.
The process includes a subscription to the preferential issue of shares by Balaji Telefilms to RIL for a cash consideration of Rs 164 per share, amounting to an investment of Rs 413.28 crore.
Meanwhile, the stock on NSE attracted a traded value of Rs 6579.76 lakhand traded volume of 33,24,792 shares. The company has been maintaining a dividend payout ratio of 23.70%.
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