Top Story


Home >> International >> Article

Padmalaya Telefilms offers 15 lakhs shares to SET

Font Size   16
Padmalaya Telefilms offers 15 lakhs shares to SET

Padmalaya Telefilms Ltd (PTL) is in talks with Sony Entertainment Television (SET) India Pvt Ltd to offer 15 lakhs shares (12.5 per cent stake) by way of private placement.

The company is also in talks with Walt Disney to offer a strategic stake in its wholly-owned subsidiary, Padmalaya Telefilms Inc, US.

Padmalaya Telefilms, which is into television software, films, distribution and animation, is planning to hive off its animation division to its wholly-owned subsidiary, Padmalaya Telefilms Inc, US.

The share price (face value Rs 10) will be decided on the basis of Securities and Exchange Board of India (SEBI) regulations. Analysts expect the placement of these shares to be at a premium to the current market price.

The share price of PTL has been on an upward course during the last couple of months on expectation of a foreign media company acquiring a strategic stake in it. In the recent rally, it rose from Rs 60 to Rs 140, before profit-taking brought it down.

Post-private placement, PTL's equity base will increase to Rs 12 crores from Rs 10.5 crores. Currently, the promoters hold 38 per cent stake in the company and the public 20-22 per cent. The holdings of financial institutions and non-resident Indians are quite small.


Kranti Gada joined the family business at Shemaroo in 2006 after a successful stint of over two years in marketing at Pepsi Co. She has been associated with the company for 12 years.

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

Understanding the round-the-clock nature of change, KG Suresh, Director General, Indian Institute of Mass Communication, in a conversation with exchange4media, talked about his plans to introduce a fu...

The mall has a diverse range of media formats that includes, billboards, backlit kiosk, pillar wraps, product/promotion display spaces etc.

The beauty of the internet business is that as your cost curve flattens, your revenue curve keeps growing up and that's why the valuations are so high, said Ashish Hemrajani, Founder-CEO, BookMyShow