Reliance to buy 25% stake in Balaji Telefilms for â¹413 crore
Mukesh Ambanil-led Reliance Industries on Thursday said its board has approved to buy 25% stake in Balaji Telefilms for â¹413.28 crore. The Jeetendra Kapoor-led media and entertainment firm said the proceeds would be utilised to speed up its development initiatives in its content platform ALTBalaji. However, the decision is subject to approval from Balaji Telefilms shareholders and others.