Balaji Telefilms stock up 9% on Reliance's 25% stake buy nod
Shares of Balaji Telefilms soared nearly 9% on Friday after Reliance Industries' board approved a plan to pick nearly 25% stake in the company for about â¹413 crore. The Mukesh Ambani-led firm will acquire 2.52 crore shares in Balaji Telefilms. The media and entertainment firm said proceeds from the transaction will be utilised to further speed up content development initiatives. 