Mumbai, April 26
ADLABS Films Ltd's board of directors has approved a preferential issue of 7.5 per cent equity stake worth $6 million to Arisaig Partners (Asia) Pte Ltd at Rs 150 per share.
With this, the total proposed investment in the company through the preferential mode amounts to $12 million, Adlabs informed the BSE.
Adlabs Films had earlier allotted a preferential issue of 6.5 per cent stake to BSMA Ltd, an affiliate of Bear Stearns Companies Inc, for $6 million. The two investors now hold a total of 14 per cent stake.