Ekta Kapoor, joint managing director of entertainment content provider Balaji Telefilms Ltd and producer of the company's television serials, increased her stake in the family firm. She bought about 72,000 shares on the Bombay Stock Exchange (BSE) over two days earlier this month, according to trade details.
Kapoor bought 50,000 shares March 2 and 22,125 shares two days later, but the price of the acquisition is not known.
The stock closed at Rs 103.25 March 2 and gained to settle at Rs 106.55 March 4.
On Wednesday, the stock was trading at Rs 107.25 at around 12.55 p.m., up 0.56 percent from its previous close.
Ekta Kapoor held 1,55,62,704 shares, or 23.87 percent of the paid-up equity share capital of Balaji Telefilms as on Dec.31, 2015, according to the company. Other family members who own stakes in the company include her father Jeetendra Kapoor, brother Tusshar Kapoor and mother Shobha Kapoor. Their combined stake was 47.29 percent.
Balaji Telefilms had announced last month that it will be raising about Rs 150 crore by issuing 10,720,000 shares to institutional investors Atyant Capital India Fund – I, Vanderbilt University, GHI LTP Ltd, GHI HSP Ltd and GHI ERP Ltd, at a price of Rs 140 per share.
The company's consolidated net profit for the quarter ended Dec.31, 2015 was Rs 6.62 crore as against a net loss of Rs 6.95 crore in the year-ago period.
The consolidated net sales from operations stood at Rs 73.15 crore, up 2.19 percent from Rs 71.53 crore in the corresponding quarter last fiscal, the company had said in a regulatory filing to the BSE Feb.5, 2016.
Ekta Kapoor is the producer of television shows such as "Naagin," "Yeh Hai Mohabbatein," Kumkum Bhagya" and "Kasam...Pyaar Ki."
Other directors of the company include former State Bank of India chairman Arun Kumar Purwar, CA D G Rajan and television industry veteran Sameer Nair.