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Balaji may formalise RIL stake purchase at 16 Aug EGM

MUMBAI: Balaji Telefilms, in a communique to the BSE and the National Stock  Exchange, intimated about its extraordinary general meeting to be held on 16 August at "The Club", 197, Juhu Versova Link Road, Opp.  D. N. Nagar  Police Station, Andheri (W), Mumbai- 400 053, Maharashtra.  The  cut-off   date   for   determining  the  shareholders  eligible   for   e-voting  is 9 August, 2017..

The meeting proposes to conduct special business. Increase in authorised share capital: To consider and,  if thought fit, to pass, with or without modification, the following resolution as Ordinary Resolution: “Resolved that, in accordance with Sections 4, 13 and  61 and  other applicable provisions, if any, of the Companies Act, 2013 and  rules made thereunder, and  applicable provisions of the Articles of Association of the Company and  any other applicable law or laws,  rules  and  regulations (including  any  amendments thereto or re-enactment thereof  for the  time being in force),  the authorised share capital  of the Company be and  is hereby increased from Rs. 260 million divided  into 100 million equity  shares of Rs.  2  each and  30 million Preference Shares of Rs. 2 each to Rs. 360 million  divided into 150 million Equity Shares of Rs. 2 each and  Rs. 60 million divided  into 30 million Preference Shares of Rs. 2 each.

Issue of 25.2 million equity shares on a preferential allotment / private placement basis: To consider and  if thought fit, to pass, with or without modification, the resolution as a Special Resolution: Balaji is seeking consent of the  members of the  company to create, issue, offer and  allot 2,52,00,000 equity  shares of the  Company of the  face  value  of Rs. 2/- each (“Equity Shares”) at a price  of Rs. 164/- which includes a premium of Rs. 162/- per Equity Share aggregating to Rs. 4.13 billion to Reliance Industries Limited in accordance with ICDR Regulations.

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