BALAJITELE

In 1994, the company was being incorporated as Balaji Telefilms Private Limited as of 10th November, at Mumbai. It was also converted into a Public Limited Company as of 29th February 2000 and soon after its name was changed to the Balaji Telefilms Ltd on 19th April 2000. The primary objective is to make Television Software that includes serials and other entertainment content. It is also being promoted by Mr. Jeetendra, Mrs. Shobha Kapoor, and Ms. Ekta Kapoor.

Its public issue of 28, 00,000 No. of Equity Shares of INR 10/- each issued for the cash at a premium of INR 120 per share aggregating INR 36.40 crore. The issue also includes a Book Built Portion of 25, 20,000 No. of equity shares and a Fixed Price Portion of 2, 80,000 No. of equity shares.

Also, Nine Network Entertainment India Pvt. Ltd., which is a wholly-owned subsidiary of Nine Broadcasting India Pvt. Ltd., merged with the Balaji Telefilms Ltd.

It issued and allotted 28,03,250 No. of Equity Shares of INR 10 each for cash at a premium of INR 120 per share, aggregating to INR 3645 lakhs via initial public offer.

Also, the SBI Mutual Fund acquired 5, 48,588 No. of equity shares of the company from the secondary market representing 5.32% of the equity share capital.

It has also reported a marginal rise in net profit at INR 4.35 crore for the fiscal year ended March 31, 2001, as compared to INR 4.28 crore in the previous fiscal year.