210% return in 1 year: Multibagger entertainment stock to issue 2.38 crore warrants - Check price and other details

Balaji Telefilms has stated that its board of directors has approved the issuance of over 2.38 crore convertible warrants carrying a right to subscribe one fully paid-up equity share of the face value of Rs 2 on a preferential basis. The company aims to raise funds of Rs 214 crore by way of the proposed issue. 

The board of directors of the entertainment company has also approved the warrant price of Rs 89.60 apiece.

"Upto 2,38,83,930 (Two Crore Thirty-Eight Lac Eighty-Three Thousand Nine Hundred Thirty) warrants, each convertible into 1 (One) fully paid-up Equity Share of the Company of face value of Rs. 2/- (Rupees Two), within a period of 18 months from the date of allotment, to be issued at a price of Rs. 89.60/- (Rupees Eighty-Nine and Sixty paise only) per warrant," the company said in an exchange filing.

Balaji Telefilms share price

In the last one year, shares of Balaji Telefilms have delivered stellar returns of over 210 per cent to investors. 

In the last six months, the stock has given 150 per cent return to its shareholders. The counter has made investors wealthier by over 37 per cent in the last one month.

Shares of Balaji Telefilms, which has a market cap of Rs 1,311 crore, have a 52-week high of Rs 132,99 and a 52-week low of Rs 35.30.