STAR exits Balaji, sells 26% stake for Rs 108 cr

Star India new 1236 August 2015 – STAR India, which held nearly 26 per cent stake in Ekta and Shobha Kapoor’s Balaji Telefilms, has offloaded all its shares in the company at Rs 63.6 a share. The total deal value is pegged at Rs 108 crore. Balaji’s stock, which opened at Rs 82 a share on the BSE on Wednesday, rallied 16 per cent to Rs 95.25 apiece after the sale.

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