Balaji Tele shares up on snapping JV with Star Group

Mumbai: Shares in Balaji Telefilms Ltd opened up on Tuesday and extended gains after it announced earlier that it was terminating its joint venture and other agreements with the Star Group.

Shares in the Indian firm opened up 1.3% at Rs174.90 and were trading up 4% at Rs179.50 at 9.56 a.m. with more than 40,000 shares being traded.

Balaji also said it was entitled to acquire Star’s stake at an average price of Rs190 a share.

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