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Tag: BSE

  • Bodhi Tree partners author Amit Khan to create original OTT and TV projects

    Bodhi Tree partners author Amit Khan to create original OTT and TV projects

    MUMBAI: Bodhi Tree Multimedia Ltd (BTML) has signed an MoU (Memorandum of Understanding) with celebrated Hindi novelist Amit Khan’s creative venture, Amit Khan Content Hub (AKCH), to jointly develop premium original content for television and OTT platforms.

    The partnership combines BTML’s production scale, operational expertise, and financing capabilities with AKCH’s prolific storytelling and loyal reader base. Together, they aim to deliver narratives that balance mass appeal with creative depth.

    A special purpose vehicle (SPV) will be formed, with BTML holding a majority stake. BTML will handle financing, operations, and strategic partnerships, while AKCH will lead creative development and production execution.

    Author of over 100 Hindi pulp-fiction novels and founder of AKCH, including the iconic Commander Karan Saxena series (which was later adapted into a Jiocinema series of the same name), Amit Khan said, “I am thrilled to join hands with BTML, a company that has consistently delivered high-quality and impactful content. With our combined strengths, we are confident of creating stories that will resonate with viewers and leave a lasting mark on the Indian entertainment industry.”

    BTML, managing director, Mautik Tolia, added, “This partnership is a confluence of creativity and capability. Amit Khan is one of India’s most celebrated novelists and storytellers, and we are excited to bring his distinctive vision to screens nationwide through BTML’s production infrastructure and industry relationships.”

    BTML, listed on both NSE and BSE, has produced 100 plus shows and over 3,000 hours of content across languages including Hindi, Tamil, Marathi, Gujarati, and Bengali. With this collaboration, both BTML and AKCH aim to target domestic and international audiences with fresh, compelling narratives.

    The first slate of projects is expected to combine rich storytelling with high production values, reinforcing both companies’ commitment to creating content that engages audiences across platforms.

     

     

  • Balaji Telefilms posts Rs 90 crore profit after last year’s Rs 22 crore loss

    Balaji Telefilms posts Rs 90 crore profit after last year’s Rs 22 crore loss

    MUMBAI: It’s not just the daily soaps serving plot twists Balaji Telefilms just delivered one of its own, posting a dramatic turnaround from loss to profit in its latest annual results. Balaji Telefilms Ltd., one of India’s most iconic television and content production houses, has posted a stunning financial comeback, reporting a standalone net profit of Rs 90.59 crore for the financial year ending March 31, 2025. This is a significant leap from a net loss of Rs 22.52 crore the previous year, a turnaround worthy of prime-time applause.

    According to the audited results filed with stock exchanges and published in leading dailies on 5 July, the company’s total standalone income from operations stood at Rs 45,306.92 crore for FY25. On a consolidated basis, it reported a net profit of Rs 84.57 crore, recovering sharply from a loss of Rs 26.08 crore in FY24.

    This reversal comes despite a notable dip in revenue for the final quarter ending March 2025, where standalone income dropped to Rs 8.63 crore, down from Rs 13.46 crore in the same quarter last year. Still, profits surged in the final stretch, with the company posting Rs 99.31 crore in Q4 profit, a complete U-turn from the Rs 22.52 crore loss in the comparable quarter.

    The earnings per share (EPS) rose to Rs 6.68 basic for the year, up from negative territory last year signalling restored investor confidence.

    The company, led by Chairman Jeetendra Kapoor, published the results in Financial Express and Mumbai Lakshadeep and noted that detailed financials are available on its website as well as on BSE and NSE portals.

    With flagship shows still ruling the ratings and digital spin-off ventures gaining traction, Balaji seems to have re-scripted its business drama into a tale of fiscal finesse. Whether this rebound is a one-season wonder or the start of a long-running hit remains to be seen but for now, the curtains have risen on a new chapter of profitability.

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  • Shadowfax files for IPO via confidential route, aims Rs 2,000-2,500 crore fundraise

    Shadowfax files for IPO via confidential route, aims Rs 2,000-2,500 crore fundraise

    MUMBAI: Bengaluru-based logistics firm Shadowfax Technologies Ltd has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) through the confidential route, signalling its plans to go public. The move comes roughly three months after the company transitioned into a public entity.

    Shadowfax is aiming to raise between Rs 2,000 crore and Rs 2,500 crore through the initial public offering, which will comprise a fresh issue of shares and an offer for sale (OFS) by existing investors. Key backers including Flipkart, Eight Roads Ventures, and NGP Capital are expected to dilute part of their holdings through the OFS component.

    ICICI Securities, JM Financial, and Morgan Stanley are acting as lead advisors to the issue. The company is targeting a post-listing valuation in the range of Rs 5,500–6,000 crore, according to individuals familiar with the development. As per TheKredible, Shadowfax was last valued at approximately Rs 5,981 crore ($712 million) during the first tranche of its Series F funding round earlier this year.

    Founded in 2015 by Abhishek Bansal, Vaibhav Khandelwal, Praharsh Chandra, and Gaurav Jaithliya, Shadowfax operates in the last-mile logistics segment, serving e-commerce and hyperlocal categories such as grocery, food, and pharmaceuticals. The company claims a network of over 1.25 lakh monthly active delivery partners across India.

    To date, Shadowfax has raised around $246 million in equity funding. Eight Roads Ventures remains the largest external investor, followed by Flipkart, NewQuest Asia, and Nokia Growth Partners.

    Financially, the company reported revenues of Rs 1,885 crore in FY24, marking a 33.2 per cent year-on-year growth. It also significantly narrowed losses—from Rs 142 crore in FY23 to Rs 11.8 crore in FY24, representing a 91 per cent reduction.

    Shadowfax now joins a growing list of Indian startups eyeing public listings. Recent confidential DRHP filers include PhysicsWallah, boAt, Urban Company, Shiprocket, Groww, Pine Labs, Capillary Technologies, Wakefit, and Curefoods, underlining a renewed momentum in India’s startup IPO pipeline.

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  • Hitachi hits the Venu button to drive India vision with digital force

    Hitachi hits the Venu button to drive India vision with digital force

    MUMBAI: From steam engines to smart cities, Hitachi’s journey in India has always had power at its core and now, it has a new driver at the wheel. The Japanese tech and infrastructure giant has appointed N Venu as the managing director of Hitachi India, tasking him with steering the conglomerate’s ambitious Inspire 2027 strategy, which aims to turn Hitachi into a digital-first powerhouse.

    With nearly four decades of experience, Venu has helmed Hitachi Energy in India since 2019, leading it through a period of rapid expansion. As the new MD, his focus will be on unlocking synergies across 28 Hitachi group companies in India, and scaling up the Lumada business, the company’s data-driven digital solutions arm by combining cutting-edge IT with Hitachi’s legacy in Operational Technology (OT).

    The appointment signals a clear intent: to transform India into a global delivery hub for Hitachi, a strategy the company dubs “India for India and India for the World.” With 39,322 employees across its Indian operations (as of Q1 FY24), Hitachi’s footprint spans everything from rail, digital, energy, and e-healthcare to financial inclusion and e-education.

    “India is a key market for Hitachi Energy globally and, through One Hitachi, is set to be a cornerstone of the company’s future worldwide growth,” said Venu, reflecting on his new role.

    This move also aligns with the company’s long-term commitment to social innovation, blending technology, sustainability, and economic empowerment. Through Lumada, Hitachi is integrating data, digital systems, and domain expertise to solve real-world challenges from decarbonising power to modernising mobility.

    Speaking on the appointment Hitachi Asia Ltd. chairman Kojin Nakakita noted Venu’s “deep understanding of the Indian market” as a key asset. Echoing this, Bharat Kaushal, executive chairman of Hitachi India, hailed the move as a reaffirmation of Hitachi’s plan to make India one of its “most lucrative business hubs.”

    Venu’s leadership at Hitachi Energy has already helped the firm become one of India’s most vital players in electrification, a sector where over three billion people globally rely on its technologies. In India, Hitachi Energy operates as Hitachi Energy India Ltd. (Powerindia) and is listed on both the NSE and BSE.

    Founded on a relationship that began in the 1930s with the sale of table fans and steam engines, Hitachi’s Indian story has evolved into one of cutting-edge innovation. With FY24 global revenues of 9,783.3 billion yen, 280,000 employees, and operations across four major sectors digital systems & services, energy, mobility, and connective Industries Hitachi is now betting on India to be the digital heartbeat of its next chapter.

    With Venu at the helm, the company isn’t just charting a digital roadmap, it’s shifting into high gear.

  • Srinivasan Swamy & family increase promoters stake in RK Swamy

    Srinivasan Swamy & family increase promoters stake in RK Swamy

    MUMBAI: Things should be cooling off as the New Year approaches with folks winding down their assignments, getting ready to take some time off, right?

    But that was not the case with the promoters of  India’s only BSE and NSE-listed marketing services provider  R K Swamy.

    The promoters were busy consolidating their holding in the agency.  Through an off market transaction, they bought 3.56 per cent holding that US investment fund  Evanston Pioneer Fund LP   had invested in the group in 2018-19.  

    Srinivasan K Swamy and Narasimhan K Swamy concluded the transaction on 27 December 2024 at the market price of Rs 249.64 per share.  

    With this buy out, the promoter and promoter group hold 69.6 per cet of the equity paid up capital of the company. Following this, Evanston Pioneer Fund withdrew the nomination of  Pattabhi Kothandapani Raman  from the company’’s board in accordance with the shareholders agreement.

    The company informed the stock exchange about the buyout on 30 December 2024 and about the change in the board on 31 December. 

  • Reliance Industries: a subsidiary change

    Reliance Industries: a subsidiary change

    MUMBAI: Network18 Media & Investments informed the Bombay stock exchange on the evening of 31 December that Viacom18 India had ceased to be its subsidiary on 30 December and become a direct offshoot of Reliance Industries Ltd (RIL).

    This, it said,  happened when RIL converted 24,61,33,682 compulsorily convertible preference shares (CCPS) held by it in Viacom18 into 24,61,33,682 equity shares. Post this conversion, RIL’s equity holding in Viacom18 went up to 83.88 per cent and 70.49 per cent on a fully diluted basis. Network18 ended up with 16.12 per cent of Viacom18’s  total equity share capital and 13.54 per cent on a fully diluted basis. On 14 November, RIL had informed  the exchange that its stake in Viacom18 was at 70.49 pr cent on a fully diluted basis following its acquisition of Paramount’s 13.01 per cent stake (on a fully diluted basis) in it for Rs 4,286 crore. 

    AS per the BSE regulatory filing, Viacom18 was a material subsidiary of Network18 with nil turnover and a net worth of Rs 26,928.17 crore (representing 90.39 per cent, of the annual consolidated net worth of  Network18) for the financial year 2023-24.

    Network18    received     intimation     from     Viacom18     on 30 December at 7:46 p.m. regarding the allotment of equity shares to RIL pursuant to conversion of CCPS.

    The shareholders of Network18 had earlier approved this change of ownership.

    With this transition, Viacom18 will now operate under RIL control.

  • Zeel gets Saurav Adhikari on board as additional director; shareholders reject Punit Goenka’s reappointment as director

    Zeel gets Saurav Adhikari on board as additional director; shareholders reject Punit Goenka’s reappointment as director

    MUMBAI: The board of Zee Entertainment Enterprises Ltd (Zeel) today approved the appointment of former HCL and Pepsico India executive Saurav Adhikari as an additional director in the category of non-executive director. It informed the BSE about his addition to the company through a regulatory filing  in the evening of 28 November 2024. He had earlier been appointed on 15 November in the same capacity, but his term was valid only till 28 November, the date of the AGM.  

    Adhikari is currently the founder & senior partner at Indus Tech Edge Fund I, a growth fund focused on globalising India’s vibrant technology ecosystem. He is the former chairman of NASDAQ listed Vahanna Tech Edge Acquisition I Corp (a special purpose acquisition company (Spac)) and has after a successful DeSpac/merger moved on to the board of NASDAQ listed Roadzen.  He  also serves as a board member of Goodricke Group Ltd, Accelya Solutions India Ltd, (both listed in India), and Bridgeweave Ltd UK, an AI based fintech firm. He works as a technology advisor and investor with interests across AI based fintech and healthcare firms, as well as analytics, IoT and logistics firms. He serves as a senior advisor in the Shiv Nadar Foundation and is a board member of the Shiv Nadar University.  

    Adhikari has impeccable credentials. Especially while with the HCL group. He worked on several multi-billion-dollar inorganic investments in technology and software, carve-outs of multiple enterprise software product suites, joint ventures with global majors, all to transform and reinvent HCL’s business. He was instrumental in strategising HCL’s  pivoting of its business model to a leading intellectual property-led solutions company. In his technology role, he had built deep inroads into global private equity and VC firms, while creating large, successful, value-based partnerships between HCL and private equity owned technology businesses, which are considered groundbreaking in the industry.

    At HCL, he held various executive positions, the last being president, global strategy, working directly with the founder & chairman with oversight across the group’s business, as well as the not-for-profit Shiv Nadar Foundation. During this time, he contributed to HCL’s immense growth from a sub $200mn revenue company in 2000 to a $14bn revenue and over $50bn market cap today, transforming it into one of the world’s leading, and India’s third largest IT/technology firms and India’s no. 1 software product company.  

    His prior experience also includes several senior global leadership and executive roles across Unilever, as vice President at PepsiCo and Group SEB  (Tefal India) and as CEO of the India business. 

    Meanwhile, Punit Goenka’s reappointment as a director on  the Zeel board failed to get the requisite majority of votes (50.4 percent against: 49.5 percent for) from shareholders during the company’s AGM held yesterday, the company said in an exchange filing.  He,  had earlier stepped down as managing director and continued as CEO of the company recently. Media reports have viewed this failure to get reappointed as a director a set back for Goenka.  (Updated on 29 November 2024, 8 am)
     

  • Tennis World No.1 Iga Świątek joins Infosys as global brand ambassador

    Tennis World No.1 Iga Świątek joins Infosys as global brand ambassador

    Mumbai: Infosys (NSE, BSE, NYSE: INFY), a global leader in next-generation digital services and consulting, today announced a multi-year partnership with women’s tennis World No.1 Iga Świątek. The 22-year-old is already a four-time Grand Slam Champion and one of the most dominant forces in the women’s game today, who has been ranked World No. 1 since 22 April, for a record 70 consecutive weeks. She has bettered her skills and capabilities in the face of every new challenge to rise to the top. Businesses and individuals seeking to navigate their next can draw inspiration from how she has steadily evolved to become a champion.

    Infosys has helped reimagine tennis for over eight years as the digital innovation partner for the ATP Tour, Roland-Garros, Australian Open, and The International Tennis Hall of Fame. The company has transformed the experience of the game for the tennis ecosystem leveraging advanced digital technologies like artificial intelligence (AI), cloud, and data analytics.

    Infosys will now work closely with Świątek’s team to build an advanced data analytics and video dashboard by leveraging AI to amplify her training and help rapidly evolve her strengths and match strategy through continuous learning. Several of Infosys’ clients embrace a similar approach, taking advantage of digital advances like AI, machine learning, cloud, and more to accelerate their evolution and transformation. Infosys and Świątek will also work together to create programs to inspire and empower young women around the world – for example, conceptualizing, and promoting programs to help women from underserved communities build careers in science, technology, engineering, and mathematics (STEM).

    Iga Świątek, said, “I am delighted to collaborate with an organisation like Infosys that’s bringing their knowledge of technology to change the tennis experience for so many people. Although tennis and technology may seem quite different at first, there’s so much in common – including strategic thinking, learning and developing in every situation, the ability to evolve your game, and adjust. I am also moved by all that Infosys is doing off the court to bring more opportunities that empower people, businesses, and communities to move into the future. With Infosys, our goal is to also inspire people, especially young women, to prepare themselves to play strong and meaningful roles in a world that is not possible to live in and thrive without strong digital skills and knowledge.”

    Tune in to Infosys brand ambassador Iga Świątek talk about her collaboration with Infosys.

    Infosys chief executive officer & managing director Salil Parekh said, “We are thrilled to welcome Infosys’ new brand ambassador – Iga Świątek – a Polish hero who has hurdled immense challenges to become the top tennis player in the world, and an inspiration for everyone who aspires to navigate their next. Her relentless evolution mirrors the digital transformation journey that several of our clients undertake in collaboration with us to become champions in their own industries. Iga is also a great inspiration for women achievers and together with her, Infosys will work to inspire young people, especially women, to push forward and pursue STEM careers that are vital for our future. All of us at Infosys wish Iga the very best for the future.”

  • PVR-Inox merger gets approval from BSE & NSE; it will reshape multiplex business

    PVR-Inox merger gets approval from BSE & NSE; it will reshape multiplex business

    Mumbai: PVR and Inox Leisure on Tuesday disclosed that the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have given their clearance with regards to the scheme of amalgamation or merger deal between the two companies.

    The decision to merge was first proposed on 27 March before the board of directors of the two companies. The combined entity called PVR-Inox would become the largest film exhibition company in India operating 1546+ screens.

    Post the merger, the promoters of Inox will become the co-promoters in the merged entity along with existing promoters of PVR. The board of directors of the merged company will be reconstituted with a total board strength of 10 members & both the promoter families having equal representation on the board with two seats each. PVR promoters will have 10.62 percent stake while Inox promoters will have 16.66 percent stake in the combined entity

    PVR chairman Ajay Bijli will lead the combined entity as managing director. Sanjeev Kumar will be appointed as the executive director. Pavan Kumar Jain will be appointed as the non-executive chairman of the board. Siddharth Jain will be appointed as non-executive non-independent director in the combined entity.

    When the merger becomes effective, shareholders of Inox will receive shares of PVR in exchange for shares in Inox at the approved share swap ratio. Inox shareholders will receive three shares in PVR for 10 shares of INOX.

    The merger will be an all-stock amalgamation subject to approval of the shareholders of PVR and Inox respectively, stock exchanges, SEBI and such other regulatory approvals as may be required.

  • Sebi cautions Zeel for taking ‘considerable time’ to disclose Invesco notice

    Sebi cautions Zeel for taking ‘considerable time’ to disclose Invesco notice

    Mumbai: Post its board meeting on 11 November, Zee Entertainment Enterprises Ltd (Zeel) has notified the Bombay Stock Exchange of a caution letter issued by the Securities and Exchange Board of India (Sebi) on 21 October. The regulator cautioned Zeel for taking “considerable time” to disclose the requisition notice sent by its shareholders Invesco Developing Markets Fund and OFI Global China Fund LLC.

    On 11 September, the two shareholders sent a notice to Zeel to call for an extraordinary general meeting of shareholders to pass a resolution reconstituting the board. Sebi’s letter indicates that Zeel took more than the stipulated 24 hours to disclose the notice and began the verification exercise after nearly 36 hours.

    “Considering the gravity of the contents of the letter, such verification mail could have been sent by the company at the start of the business day itself on 13 September while simultaneously initiating their independent process of verification of their records,” noted Sebi.

    “Since the disclosure had bearing on on-going e-voting; due to overlapping resolutions in the letter and the AGM; as a good governance practice the company should have disclosed the said letter within 24 hours of receipt of the letter,” it added.

    Sebi has cautioned the company to exercise due diligence in ensuring the timeliness of disclosures. The letter stated that “any such aberration in the future would be viewed seriously and appropriate action would be taken.”

    Zeel and its majority shareholder Invesco are embroiled in a boardroom battle after the investor sought to remove long-standing members of the board and its managing director and chief executive officer Punit Goenka. The matter is currently being heard by the Bombay high court and the next hearing is scheduled for 29 November.