Fund manager Fidelity International has picked up a 10 percent stake in BAG Films & Media Ltd through issue of fresh equity shares, the Economic Times reported on Tuesday.
The deal is valued at 500-600 million rupees, it said, quoting investment banking sources.
BAG Films Managing Director Anurradha Prasad, when contacted, declined to comment.
The company's board is meeting on Tuesday afternoon to consider preferential issue of shares and warrants.
(Source: Reuters)
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