Balaji Telefilms squirts after board OKs scheme of arrangement


Balaji Telefilms have climb up 11.81% to Rs 100.80 on Bombay Stock Exchange. The board has given permission to the de-merger of film production after the company asked them for the same.

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BSE Sensex was up 21.97 focuses, or 0.08%, to 28,245.67.

On BSE, so far 4.45 lakh shares were exchanged the counter, contrasted and normal day by day volume of 61,268 shares in the previous one quarter. The stock hit a high of Rs 103 and a low of Rs 98 so far amid the day. The stock hit a 52-week high of Rs 150.40 on 23 November 2015. The stock hit a 52-week low of Rs 82.95 on 15 September 2016. The stock had beated the business sector in the course of recent days till 27 September 2016, rising 6.06% contrasted and 1.15% ascent in the Sensex. The scrip had, be that as it may, failed to meet expectations the business sector in past one quarter, falling 15.90% as against Sensex's 5.55% ascent.

The little top organization has value capital of Rs 15.19 crore. Face esteem per offer is Rs 2.

Balaji Telefilms affirmed, The Board endorsed a composite plan of course of action between the organization and its two completely possessed auxiliaries – Balaji Motion Pictures (BMPL) and Bolt Media (Bolt). According to the plan, BMPL will demerge its film generation undertaking and union it with Balaji Telefilms. Further, Bolt will amalgamate with Balaji Telefilms. The plan will streamline business structure, combine operations and lessen costs. The plan does not include any money thought, the organization said in an announcement.

BMPL is occupied with bury alia the matter of creation and dispersion of movies and movies. Post demerger of its film creation undertaking, BMPL will concentrate on the matter of film appropriation.

Jolt is occupied with entomb alia the matter of generation of true to life, fiction, reality, authentic network shows, occasion administration, marked diversion, advanced substance, consultancy and imaginative administrations identified with it.

On a merged premise, net benefit of Balaji Telefilms declined 84.27% to Rs 0.67 crore on 56.02% ascent in net deals to Rs 116.45 crore in Q1 June 2016 over Q1 June 2015.

Balaji Telefilms is India's driving coordinated media combination with business sector authority in the TV content industry, among other excitement drove organizations.

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