If Singham and Drishyam have churned blockbuster returns from the silver screen, then Panorama Studios International has never been a flop show for Ajay Devgn, delivering a three-fold return on his Rs 2.74-crore investment.
Film production company Panorama Studios International had recently issued 9 lakh equity shares to nine investors for Rs 24.66 crore, and 15.41 lakh warrants to both promoters and non-promoters for over Rs 10 crore.
Devgn was allotted 1 lakh shares at a price of Rs 274 each, amounting to Rs 2.74 crore in total. The investment tripled to Rs 9.95 crore by end of trading hours on March 4.
The multibagger stock, with a market capitalisation of Rs 1,200 crore, has surged three-fold since January and eight times in the last one year. The stock was trading at Rs 1,030 on the BSE, up 3.43 percent from its previous close, around mid-day on March 5.
Devgn has worked in a host of movies produced by Panorama Studios and its producer Kumar Mangat Pathak, including Dil Toh Baccha Hai Ji, Raid, and Drishyam. He recently collaborated with Humble Motion Pictures and Reliance Industries (JIO Studios) for three Punjabi films, Carry On Jettiye, Ardaas 3, and Manje Bistre 3.
Panorama Studios has also joined forces with Gulfstream Pictures and JOAT Films for the Hollywood remake of the Drishyam franchise. Chairman Pathak aims to produce Drishyam in 10 countries in the next three to five years, reflecting his close ties with Devgn as both a producer and talent manager.
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