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Tag: Yes Bank

  • Windchimes Communications wins Yes Bank’s social media biz

    MUMBAI: Windchimes Communications has won the social media mandate for Yes Bank.

    The agency’s mandate is to set up and sustain the bank’s presence across different social media platforms.

    The bank has forayed into social media with an aim of connecting with their audience on all matters financial and to provide any kind of banking assistance for the new age Indian.

    Yes Bank president and CMO Anindya Datta said, “Technology has always been a thrust area for Yes Bank. We understand the growing need for brands to tap into the online space to connect with the new internet savvy Indians and NRIs. With the rapid internet penetration, web is a must-have in every brand’s media mix. Yes Bank understands this new consumer trend in media consumption and we have now forayed into social media outreach with a certain commitment.”

    Windchimes Communications head maven Nimesh Shah said, “Having a good mix of clients in the agency, bagging another finance client gives us the opportunity to create a niche for ourselves. Every brand is unique in its own right and we, as brand custodians, shall channelise communication efforts in the online space for Yes Bank, thereby helping the bank to build its brand through the use of social media.”

  • India Bulls promoter Sameer Gehlaut to buy 25 per cent in B.A.G Films

    India Bulls promoter Sameer Gehlaut to buy 25 per cent in B.A.G Films

    MUMBAI: India Bulls promoter Sameer Gehlaut is showing interest in the media business. The Delhi-based entrepreneur is buying around 25 per cent stake in TV content company B.A.G Films for Rs 262 million.

    The acquisition is through a preferential allotment of up to 20,250,000 equity shares of Rs 2 each at a price of Rs 13 per share. Gehlaut will have to make an open offer for a further 20 per cent stake which if subscribed totally, would make him the largest shareholder in the company.

    The promoters of B.A.G Films will hold around 37.5 per cent on the expanded equity. But their stake will go up after conversion as they are being issued preferential allotment of up to 10,000,000 warrants. The conversion price is fixed at Rs 13 per warrant. Gehlaut’s shareholding will also see change after the conversion.

    “Gehlaut has come in as a pure financial investor. We will be using the funds to meet our expansion plans,” says B.A.G Films managing director Anuradha Prasad.

    B.A.G Films will be investing Rs 160 million in new media and the animation business. “Besides, we will be retiring a part of our debt to Yes Bank,” says Prasad.

    B.A.G Films’ radio venture, run through a subsidiary company B.A.G Infotainment, has an investment outlay of Rs 480 million including the licence fee paid for 10 stations. B.A.G Infotainment rcently roped in IDBI Bank and Bank of Baroda for picking up 10 per cent each.

    B.A.G Films will also be issuing stock options of up to 10,000,000 equity shares to its permanent employees at Rs13 per equity share.

    The scrip touched a high of Rs 15.68 on Monday after opening at Rs 13.40. “The price of the scrip will stay firm and may see one more surge before steadying,” says an analyst in a broking firm.