Balaji Telefilms said that it is going to raise Rs 150 crore through allotment of equity shares on preferential basis.

Balaji Telefilms said in a BSE filing that “The Board of Directors of Balaji Telefilms Ltd in its meeting today has considered and approved a preferential issue of 1,07,20,000 equity shares at Rs 140 each, aggregating to Rs 150 crore to Atyant Capital India Fund I, Vanderbilt University, GHI LTP LTD., GHI HSP LTD. and GHI ERP LTD., subject to necessary approvals.”

“The issue price represents a 26 percent premium over the average of the weekly high and low of the volume weighted average share price of the company during the past 26-week period,” it further said.

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