"Several financial and strategic investors have expressed strong interest to partner with ALTBalaji and the management is actively considering the options available and has appointed Axis Capital as bankers for the investments," Balaji Telefilms said in a BSE filing.
In an interview to CNBC-TV18, Ekta Kapoor and Sameer Nair of Balaji Telefilms spoke about ALTBalaji's digital launch and how they plan to fight it out, survive and grow in the digital space.
International investors are likely to hold 15 percent stake in the media company post fundraising. However, stock is reacting negatively to the fund raising buzz, down 4 percent intraday on Wednesday.
ICICI Bank's Chanda Kochhar and Shikha Sharma of Axis Bank follow Bhattacharya at the second and third place, respectively.
"We have got three movies and one low-budget movie lined up for FY16," says Balaji Telefilms Group CEO Sameer Nair.
Sameer Nair, Group CEO, Balaji Telefilms has acquired 4.16 lakh equity shares. His current holding now stands at 1.06 percent, the company said.
Star Network offloaded its entire stake (25.99 percent) in Balaji Telefilm via block deal on Metropolitan Stock Exchange of India (MSEI) on Wednesday.
The deal was done at a discount, with an average price Rs 63.60 per share. Shares of the Ekta Kapoor-helmed media company rallied 20 percent intraday on Wednesday.
Ekta Kapoor chats about breaking into the boys club that is Bollywood and scripting her success story. Kapoor's next release Once Upon a Time in Mumbai Dobaara with a new star cast, is one of the bigger releases of the year. It's delay generated much speculation in the industry and media circles.
Three days after conducting searches at Balaji Telefilms' facilities and also at the houses of its promoters here, the Income Tax department today said the film production house had not disclosed Rs 30 crore income it had earned, and thus evaded tax.
Sohini Mitter reports the Film Producers who reaped it in at the box office.
TV and film producer Ekta Kapoor, who is looking forward to her next ambitious project 'Shootout at Wadala', says the release date of this film was postponed as she did not want a direct box office competition with Aamir Khan's 'Talaash'.