Balaji Telefilms Surges On Board Nod For Consolidation

Balaji Telefilms shares surged as much as 14.25 per cent to hit intraday high of Rs 103 after its board approved demerger of its film production unit Balaji Motion Pictures and amalgamation of Bolt Media.  "The demerger of the film production undertaking of Balaji Motion Pictures into Balaji Telefilms will enable consolidation of the film production business of Balaji Motion Pictures with Balaji Telefilms," the company said.   "Bol...