Balaji Telefilms Limited — Board Meeting, 19-12-2024: Outcome of Board Meeting

Balaji Telefilms Limited has announced a board meeting where it approved a preferential issue of up to 1,78,59,776 equity shares at a price of Rs. 73.17 per share, targeting an aggregate of approximately Rs. 130.68 crore. This issuance requires shareholder approval and will be presented at an Extraordinary General Meeting on January 11, 2025. The funding aims to bolster the company's operations and strategic initiatives, reflecting a proactive approach to capital management.