FIIs acquire stake in ThinkInk Picturez - Check Details
According to the company, it anticipates a substantial revenue surge of Rs 350 crores in the next fiscal year with ongoing Bollywood projects in the pipeline.
Foreign Institutional Investors (FIIs) like Bank of America (BofA), Securities Europe SA and Societe Generale Fund have acquired significant stakes in ThinkInk Picturez Ltd. BofA acquired 307,654 shares at Rs 78.84 while Societe Generale acquired 300,837 shares at Rs 78.65.
The development comes as ThinkInk has expanded its footprint internationally with the acquisition of Think Star Entertainment Technology LLC and secured a substantial contract for Korean Drama content production worth over 20 Million Dirham (approximately INR 45 crores).
Earlier, ThinkInk announced a split, bonus, and dividend of Rs 3 per share.
According to the company, it anticipates a substantial revenue surge of Rs 350 crores in the next fiscal year with ongoing Bollywood projects in the pipeline.
Meanwhile, ThinkInk's annual revenue surged by 145.99 per cent in the last fiscal year. Its quarterly revenue also witnessed a 100 per cent year-on-year increase and annual net profit soared by 46.58 per cent.
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