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B.A.G. Films & Media Ltd. ( (IN:BAGFILMS) ) has issued an announcement.
B.A.G. Films & Media Ltd. has approved the conversion of 9.8 million previously issued fully convertible warrants into an equal number of equity shares, following an exercise notice from promoter group entity Skyline Tele Media Services Ltd. The shares, with a face value of Rs. 2 and an issue price of Rs. 8.25 including premium, were allotted on a preferential basis after receipt of the remaining 75% subscription amount.
This allotment, sanctioned by the Securities Committee under an earlier shareholder special resolution, increases the company’s issued, subscribed and paid-up equity capital and further strengthens promoter group ownership. The transaction enhances the company’s capital base and may support future funding needs or strategic initiatives, while signaling continued backing from its promoter group investor.
More about B.A.G. Films & Media Ltd.
B.A.G. Films & Media Ltd. operates in the Indian media and entertainment industry, focusing on television and digital content production and related media services. The company’s activities are centered around broadcast and media assets, with a market presence built through its film city operations in Noida and registered office in New Delhi.
Average Trading Volume: 19,366
Technical Sentiment Signal: Sell
Current Market Cap: 787.7M INR
See more data about BAGFILMS stock on TipRanks’ Stock Analysis page.