RelCap hikes stake in Adlabs Films to over 11 pc
Anil Ambani promoted Reliance Capital has hiked its stake in group firm Adlabs Films to over 11 per cent through additional purchase of share worth Rs 85 crore.
By PTI |
MUMBAI: Anil Ambani promoted Reliance Capital has hiked its stake in group firm Adlabs Films to over 11 per cent through additional purchase of share worth Rs 85 crore.
Reliance Capital has bought 24 lakh shares representing 5.21 per cent stake in Adlabs Films at the rate of Rs 355 a share, aggregating to Rs 85.20 crore through a block deal on the Bombay Stock Exchange.
RelCap, which is one of the Adlabs promoter group firms, now holds 11.22 per cent stake in the company.
Besides, through a separate block deal on the BSE, AAA Entertainment has sold 24 lakh shares for Rs 355 a piece, aggregating to Rs 85.20 crore.
AAA Entertainment which held 10.41 per cent stake in Adlabs at the end of June quarter, now holds over 5 per cent in the company.
Shares of Adlabs closed at Rs 353.10, down 0.06 per cent on the BSE.
Reliance Capital has bought 24 lakh shares representing 5.21 per cent stake in Adlabs Films at the rate of Rs 355 a share, aggregating to Rs 85.20 crore through a block deal on the Bombay Stock Exchange.
RelCap, which is one of the Adlabs promoter group firms, now holds 11.22 per cent stake in the company.
Besides, through a separate block deal on the BSE, AAA Entertainment has sold 24 lakh shares for Rs 355 a piece, aggregating to Rs 85.20 crore.
AAA Entertainment which held 10.41 per cent stake in Adlabs at the end of June quarter, now holds over 5 per cent in the company.
Shares of Adlabs closed at Rs 353.10, down 0.06 per cent on the BSE.
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