Ajay Devgn’s association with Panorama Studios International has proven to be a lucrative venture, with his initial investment of Rs 2.74 crore yielding a three-fold return.
The film production company recently issued 9 lakh equity shares to various investors, generating Rs 24.66 crore, along with 15.41 lakh warrants to promoters and non-promoters amounting to over Rs 10 crore.
Devgn acquired 1 lakh shares at Rs 274 each, totaling Rs 2.74 crore. By March 4, the value of his investment had soared to Rs 9.95 crore, marking a substantial increase.
Panorama Studios International, currently valued at Rs 1,200 crore, has witnessed a remarkable surge, tripling in value since January and increasing eight-fold over the past year. Trading at Rs 1,030 on the BSE as of mid-day on March 5, the stock continues to show strong performance.
Devgn’s collaboration with Panorama Studios has resulted in successful films such as Dil Toh Baccha Hai Ji, Raid, and Drishyam. Additionally, his recent partnership with Humble Motion Pictures and Reliance Industries for three Punjabi films demonstrates his continued involvement in diverse projects.
Panorama Studios’ ambitious plans include a Hollywood remake of the Drishyam franchise in collaboration with Gulfstream Pictures and JOAT Films. Chairman Kumar Mangat Pathak aims to produce Drishyam in 10 countries within the next three to five years, showcasing the company’s global aspirations.
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