Balaji Telefilms Limited — QIP/Rights/Pref., 19-12-2024: Preferential issue

Balaji Telefilms Limited has announced a board meeting to issue and allot up to 1,78,59,776 equity shares at a price of Rs. 73.17 each, aiming to raise approximately Rs. 130.68 crore. The equity shares will be allotted to various institutional and individual investors, including notable entities like Ekta Kapoor and Atyant Capital. The proposed allotment requires shareholder approval at an Extraordinary General Meeting scheduled for January 11, 2025. The funds raised are expected to support the company's strategic initiatives and growth plans.