 "Balaji Telefilms hits 52-week high post STAR exit")
Balaji Telefilms has moved higher by 7% to Rs 102, extending its previous day’s 20% rally on the BSE, after STAR India has sold its entire stake in the company through open market.
STAR India, which held nearly 26% stake in Balaji Telefilms, has offloaded all its shares in the company at Rs 63.6 a share via block deal on the Metropolitan Stock Exchange of India (MSEI) on August 5, 2015. The total deal value is pegged at Rs 108 crore. CLICK HERE TO READ FULL REPORT.
According to media report, the promoters Ekta Kapoor has bought 1.99 million equity shares, while Sobha Kapoor purchased 853,000 shares of Balaji Telefilms though block deal.
Other buyers include Derive Investments (35 lakh shares), Aadi Financial Services (30 lakh shares), Multiplier Share (20.57 lakh shares), Risi Finstock (8.43 lakh shares), Talma Chemical (8 lakh shares), MK Shipping and Mahavir Inducto (6.65 lakh shares each) and Gulshan Kishorechand Bansal (4.98 lakh shares).
The stock has open at its 52-week high of Rs 105 on the BSE. Till 10:14 AM, a combined 5.06 million shares changed hands on the counter on the BSE and NSE.
STAR India, which held nearly 26% stake in Balaji Telefilms, has offloaded all its shares in the company at Rs 63.6 a share via block deal on the Metropolitan Stock Exchange of India (MSEI) on August 5, 2015. The total deal value is pegged at Rs 108 crore. CLICK HERE TO READ FULL REPORT.
According to media report, the promoters Ekta Kapoor has bought 1.99 million equity shares, while Sobha Kapoor purchased 853,000 shares of Balaji Telefilms though block deal.
Other buyers include Derive Investments (35 lakh shares), Aadi Financial Services (30 lakh shares), Multiplier Share (20.57 lakh shares), Risi Finstock (8.43 lakh shares), Talma Chemical (8 lakh shares), MK Shipping and Mahavir Inducto (6.65 lakh shares each) and Gulshan Kishorechand Bansal (4.98 lakh shares).
The stock has open at its 52-week high of Rs 105 on the BSE. Till 10:14 AM, a combined 5.06 million shares changed hands on the counter on the BSE and NSE.