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Balaji Telefilms shines on buyback buzz

DALAL STREET SPIKES

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BS Reporter Mumbai
Last Updated : Jan 29 2013 | 1:55 AM IST

Balaji Telefilms (Balaji) ended 3.66 per cent higher at Rs 184.25, after rising 12.5 per cent to Rs 200, on reports that it was in talks with a group of investors to buy back the 25.99 per cent stake held by the Dubai-based Asian Broadcasting, a unit of Star group.

The television content production company and Star India have reportedly reached an agreement to end the partnership. The counter witnessed volumes of 84,170 shares, which is about three times the two-week average, with delivery volumes of 70 per cent.

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