Visagar Financial Services Sells Shares in Filmcity Media Ltd: Holding Reduces to 11.49%
Visagar Financial Services Limited has reported the sale of a portion of its equity shares in Filmcity Media Limited, resulting in a reduction of its stake in the company. The transaction was conducted through the open market.The company initially held 4,130,850 shares, representing 13.51% of the total share or voting capital in Filmcity Media Limited. Through the sale of 615,477 equity shares, Visagar Financial Services's holding has been reduced.
Following the disposal, the company’s remaining stake stands at 3,515,373 shares, which accounts for 11.49% of Filmcity Media Limited. The sale transaction was executed in the open market.
Financial details regarding the share capital of the target company remain consistent before and after the disposal, with the total equity share capital standing at Rs. 3,05,70,969, which is divided into 3,05,70,969 Equity Shares of Rs. 1/- each fully paid up.
The quantitative details of the shares held and sold are presented below:
| Metric | Before Sale | After Sale |
|---|---|---|
| Shares Carried by Visagar Financial Services Limited | 4,130,850 (representing 13.51%) | 3,515,373 (representing 11.49%) |
| Total Shares Sold in the Transaction | N/A | 615,477 (representing 2.01% of diluted capital) |
The total equity share capital and voting capital for Filmcity Media Limited are as follows:
| Category | Value |
|---|---|
| Equity Share Capital / Total Voting Capital Before Sale | Rs. 3,05,70,969 (Divided into 3,05,70,969 Equity Shares of Rs.1/- each fully paid up) |
| Total Diluted Share/Voting Capital After Sale | Rs. 3,05,70,969 (Divided into 3,05,70,969 Equity Shares of Rs.1/- each fully paid up) |
Stock Price Movement
As of 15:08, Filmcity Media Ltd shares are ticking up, holding steady at ₹2.07 after rising 4.55%. The stock moved within an intraday range between a low of ₹1.93 and a high of ₹2.07.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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