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Star Network sells its 26% stake in Balaji Telefilms

Star TV
Star TV

Star Network has sold its 26 per cent stake in Ekta Kapoor’s Balaji Telefilms, worth around Rs. 108 crore.

According to AFaqs, the deal was finalised through a block deal on Metropolitan Stock Exchange of India (MSEI). The buyer of the stake is currently unknown.

The report adds that there were around 16.9 million equity shares of the company at an average price of Rs 63.60, per share.