Balaji Telefilms

Star denies selling stake in Balaji Telefilms

Star denies selling stake in Balaji Telefilms

There have been rumors in the market that Star India is planning to sell 25.99 per cent of its stake in Balaji Telefilms. But the media house has denied and said that no such step is either being taken or planned to be taken in the near future.

One must remember that 25.99 per cent is the entire stake that Star holds and that its influence is very strong on Balaji.

The same can be understood from the fact that after this rumor came to the market; the shares of Balaji Telefilms went up by 19.23 per cent on BSE.