Balaji Telefilms Limited
Includes: Balaji Motion Pictures Ltd, Interactive Media Group
Founded in: 1994. Went public on February 28, 2000.
What it does: Balaji produces television programmes in Hindi, Telugu, Tamil, Malayalam and Kannada and exports television serials. It has 12 shows on air; 46 of its shows have finished their run.
It has also produced commercial films like Kyo Kii. . . Main Jhuth Nahi Bolta, Kucch To Hai, Krishna Cottage, Kya Kool Hain Hum and Shootout At Lokhandwala. Its under-production and ready-for-release films include Mission Istaanbul, EMI, C Kkompany and The Little Godfather.
Promoters: Ravi Kapoor (actor Jeetendra), Shobha Kapoor, Ekta Kapoor
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Did you know? Head honcho Ekta Kapoor is one of most powerful people in Indian television today. Known to run her fiefdom with an iron hand, she is said to be dictatorial in her dealings and does not tolerate dissidence. At the same time, she has a talent for success.
In the news: On August 19, 2008, Balaji announced that it was ending its four year association with the Star Group. According to the agreement between the two companies, Balaji has the option of buying back nearly 25.99 per cent of its shares being held by Star Group's Asian Broadcasting FZ-LLC company within 240 days at the average price of Rs 190 per share.
If Balaji does not buy the shares back within this period, Star is entitled to sell these shares to anyone other than a Balaji competitor. Balaji and Star will also terminate the regional languages joint venture they signed in April 2007. However, the six Balaji shows being aired on various Star channels would continue.
Image: Ekta Kapoor. | rediff.com file photograph
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