Wednesday, September 26, 2007

BAG Films to issue shares to Fidelity unit

 
Media firm BAG Films & Media Ltd's board on Tuesday approved the issue of 10.379 million shares to a unit of Fidelity funds.

The board of the firm also approved issue of 10 million warrants to the founders of the company.

However, the price at which shares and warrants would be issued was not disclosed by the company.

Shares in the company rose 5 per cent to Rs 65.15 on Tuesday.

 

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