Reliance to buy 25% stake in Ekta Kapoor’s Balaji Telefilms for ₹413 crore

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Reliance Industries on Thursday announced an investment of Rs 413.28 crore to purchase 24.9 percent stake in Balaji Telefilms.The company’s board has approved making investments in the equity shares of Balaji Telefilms Ltd for acquiring 2.52 crore equity shares constituting 24.92 per cent, Reliance Industries. However, the decision is subject to approval from Balaji Telefilms shareholders and others.
Read more at Hindustan Times.

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