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| Indiantelevision.com's Breaking News |
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| Balaji promoters offload 4.85% stake
to FIIs |
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| Indiantelevision.com
Team |
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| ( 8 January 2004 6:00
pm) |
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| MUMBAI: First, it was the Bajoria murmur that set the
market grapevine abuzz. Now, it is the offloading of shares by Balaji
promoters to foreign institutional investors (FIIs) that's got the
market bustling. |
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Promoters of one of the biggest success stories in
television - Balaji Telefilms - Jeetendra Kapoor and Tusshar Kapoor
have offloaded 2.5 million shares constituting 4.85 per cent of the
total equity share capital in the production house to FIIs on 7 January
2004.
Balaji Telefilms has informed the National Stock Exchange that while
Jeetendra Kapoor sold 500,000 shares (0.97 per cent of total equity,
Tusshar Kapoor has sold 2 million shares (3.88 per cent of total equity).
The Kapoor family's consolidated stake in Balaji now stands at 52.95
per cent vis-à-vis the 57.8 per cent holding before the stake
sale. This move pushes up the FII holding in the company from 13.22
per cent to 18.07 per cent.
When contacted by indiantelevision.com, a well-placed source
in the production house admitted that the stake had been offloaded
to some of the four major FIIs who already have holdings in the company.
The production company had been witnessing a keen FII interest and
hence, the promoters Jeetendra Kapoor and Tusshar Kapoor decided to
dilute their stake in the company to further widen the institutional
investor base, he added.
The Balaji Telefilms scrip closed today's session at Rs 108.20 with
a gain of 1.79 per cent on the BSE after peaking at its intra day
high of Rs 109.70 earlier in the day. Over 0.3 million shares to the
tune of Rs 32.6 million have been traded on the counter on the BSE.
Balaji Telefilms has today informed the NSE that the Company has received
periodical disclosures for the quarter from 1 October 2003 to 31 December
2003 from the following persons. The details of shares held by them
as on 31 December 2003 are as follows:
(1) Mr. Jeetendra Kapoor, Director holds 60,67,500 shares amounting
to 11.78%.
(2) Mrs. Shobha Kapoor, Director holds 99,35,000 shares amounting
to 19.29%.
(3) Ms. Ekta Kapoor, Director holds 97,27,000 shares amounting to
18.88%.
(4) Mr. Akshay Chudasama, Director holds NIL shares.
(5) Mr. Dhruv Kaji, Director holds NIL shares.
(6) Mr. Raj Bothra, Director holds NIL shares.
(7) Mr. Tusshar Kapoor, Share Holder holds 40,30,250 shares amounting
to 7.82%.
(8) Mr. Ajay Patadia, Designated Employee holds 10 shares.
(9) Mr. V. Devarajan, Designated Employee holds NIL Shares.
(10) Mr. Rajesh Pavithran, Designated Employee holds NIL shares.
(11) Mr. R. Karthikeyan, Designated Employee holds NIL Shares.
(12) Mr. Sandeep Jain, Designated Employee, along with relatives holds
50 Shares.
(13) Mr. Ketan Gupta, Designated Employee holds NIL Shares.
(14) Mr. Hamavand Taraporwala, Designated Employee holds NIL Shares.
(15) Mr. Apurava Zaveri, Designated Employee holds NIL Shares.
(16) Mr. Dominic D'souza, Designated Employee holds NIL Shares.
(17) Mr. Deepoo Vaswani, Designated Employee holds NIL Shares.
(18) Ms. Nirmala Sood, Designated Employee holds 5,000 Shares amounting
to 0.0097%.
Also read: Bajoria on
the Balaji trail?
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