Reliance to buy 25% stake in Ekta Kapoor’s Balaji Telefilms

  •   Ricky
  •   July 31, 2017
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Reliance to buy 25% stake in Ekta Kapoor’s Balaji Telefilms

Reliance Industries Limited will acquire 2.52 crore shares of the company for around ₹413 crore.

Mukesh Ambani’s Reliance Industries Ltd (RIL) on Thursday said that its board has approved to pick around 25 per cent stake in Balaji Telefilms by acquiring 2.52 crore shares for around ₹413 crore.

The company’s board has approved making investments in the equity shares of Balaji Telefilms Ltd for acquiring 2.52 crore equity shares constituting 24.92 per cent, Reliance Industries said in a BSE filing.

Reliance Industries Limited will acquire 2.52 crore shares of the com