Television

Bajoria on the Balaji trail?

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/tv-images/2015/09/24/Untitled-1_26.jpg?itok=_lGIUnZd

MUMBAI: One of corporate India's hungriest predators, Kolkata-based jute baron Arun Kumar Bajoria is reportedly on the trail again - and this time, he is believed to have set his sights on one of the biggest success stories in television - Balaji Telefilms.

 

 

Bajoria is reportedly consolidating his holding further in Balaji Telefilms. He had told news persons in September that he had picked up a near four per cent stake in the TV production house at Rs 66-68 purely as a strategic investment and would be looking to increase it if the share price went down by another Rs 10. Bajoria was not available for comment when contacted by indiantelevision.com.



However, according to senior industry sources, Balaji Telefilms had not received any intimation on the extent of Bajoria's buying binge in the company, until late this afternoon.



Neither has the Bombay Stock Exchange (BSE) been informed about any market buying activity which may have resulted in the jute baron's stake crossing the five per cent creeping acquisition limit.



The latest available shareholding pattern in the production house pegs the (Ekta) Kapoor family's stake at 57.79 per cent. This means the possibility of a hostile takeover is remote. Institutional investors' 12.83 per cent holdings in the company include foreign institutional investors' (FIIs) stake of 9.36 per cent. While a tad less than 12 per cent is lying with the Indian public, private corporate bodies own 16.91 per cent stake in the company.



The Balaji Telefilms scrip closed today's session with a gain of 6.6 per cent on the BSE after peaking at its intra day 52-week high of Rs 109.50 earlier in the day. Over 0.3 million shares to the tune of Rs 33.3 million have been traded on the counter on the BSE alone.



Meanwhile, Padmalaya Telefilms company secretary (in Hyderabad) Ram Kumar, told indiantelevision.com that media reports stating that Bajoria has also acquired a substantial stake in the Zee Group company are rumours and that the company has no information of Bajoria taking up a substantial stake.



Bajoria is known to surreptitiously takeover companies and had earned the title of 'corporate raider' three years ago when he had acquired a 15 per cent stake in Nusli Wadia's Bombay Dyeing.



The good news for Balaji watchers is that ICICI Securities has issued a buy recommendation for the stock. Is the magic back at the Ekta Kapoor-Shobha Kapoor led production house? Observers believe the duo has ridden over the doubts that had crept out about the extent to which Balaji could sustain its programming on the top of the charts with channel partners such as Star and Sony.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/19/BARC.jpg?itok=6hNM0QtI
Four news genres saw no change in BARC week 2

All the four genres apart from Hindi news urban market saw no change in second week of the year. Aaj Tak continued to groove on the same tracks in the rural, urban and U+R genres as it did the previous year. India TV and News18 India interchanged their positions in the Hindi news urban market.

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/19/Kapil_Sharma_Show.jpg?itok=SXRBwXr7
Sony Entertainment Television leads urban areas in week 2 of BARC

Sony Entertainment Television jumped to second position to fifth position as compared to the previous week in the Hindi (U+R) genre in Broadcast Audience Research Council (BARC) data for week 2 of 2018. Zee Anmol retained its first position in the rural market. Sony Entertainment Television and...

Television TV Channels Viewership
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/aaj.jpg?itok=WTXjyKeT
Aaj Tak becomes the world’s first News Channel to be awarded YouTube’s ‘Diamond Play Button’

India’s No.1 news channel Aaj Tak creates history yet again! The prestigious ‘Diamond Play Button’ bestowed by YouTube, recognises Aaj Tak as the global no.1, the first and the only news channel in the world to have crossed the 10 Million Subscriber mark.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/news.jpg?itok=PDqQIFhw
News18 India launches campaign; asserts channel’s leadership

News18 India, Network18’s general Hindi news channel, recently launched a campaign with a humorous and quirky film to drive home its leadership position in the crucial primetime band in the highly competitive Hindi TV news segment.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/flix.jpg?itok=1RgvxTpA
Join Drac’s Pack on their cruise as &flix presents its next #FlixFirstPremiere ‘Hotel Transylvania 3: Summer Vacation’

It is seldom that you get to see the hilarious side to a monster trying to get himself a date with the help of a technological app like Siri! Have you ever seen a monster film that is full of fun, frolic, laughter, romance and adventure?

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/9xm.jpg?itok=ZerfjJqA
9XM On Stage with Salim Sulaiman

To celebrate the Republic Day week, 9XM - India’s most popular Bollywood music destination announces the launch of 9XM On Stage a splendid musical night created in honour of the Indian Armed Forces.

Television TV Channels Music and Youth
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/pritam.jpg?itok=tVS2_5SL
Prime Focus joins hands with Pritam and Kwan to create JAM8

Integrated media services company Prime Focus Ltd has announced its collaboration with Jam8, a musical platform founded by Indian music composer/director Pritam, and KWAN, a talent management company to serve as a 360-degree creative solution provider for the M&E industry.

Television Production House Film Production
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/18/star.jpg?itok=Xao8ACOH
Star Movies Kids is the new kid on the block

A few years ago Star India decided to hive off some bits of its repertoire and focus exclusively on its main GEC Star Plus and the emerging sports scenario. Surprisingly, the channel is now taking a new turn by targeting the youngest viewers. As per industry sources, the Uday Shankar-led network is...

Television TV Channels Kids
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/01/17/cn.jpg?itok=BRpRY0Oq
Zapak and Cartoon Network India partner to launch ‘Ben 10 - Alien Run’ mobile game

Anil D. Ambani led Reliance Entertainment’s Zapak, India’s leading Gaming Destination, in association with Cartoon Network India, rings in the New Year with an epic launch for fans and gamers alike, with Ben 10 - Alien Run Mobile Game.

Television TV Channels Kids

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories