Balaji Telefilms Limited announced a private placement of up to 23,883,930 convertible warrants at a price of INR 22.4 share for the gross proceeds of INR 535,000,032 on February 9, 2024. The warrants will be convertible into common shares at an exercise price of INR 67.2. The warrants will be issued on preferential basis. The transaction will include participation from Tano Investment Opportunities Fund, a fund managed by, Tano Capital, LLC, Elara India Opportunities Fund, a fund managed by, Elara Capital Plc, Asset Management Arm, Atyant Capital India Fund - I, a fund managed by, Atyant Capital Management Limited, individual investor, Ekta Rvi Kapoor and other investors.

The transaction has been approved by the shareholders of the company.