Reliance invested Rs 413.28 crore in Ekta Kapoor-backed Balaji Telefilms in July 2017. The conglomerate purchased 25.2 million equity shares at Rs 164 each. However, since the purchase price of Rs 164, Balaji Telefilms has given RIL a negative return of 21.3% compared to its current market price of Rs 129.
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Towards this end, we retain our last week’s view of 25390. Downside marker meanwhile would be at 24770, with supports below seen at 24470 and