Balaji Telefilms Ltd. Announces Composite Scheme of Arrangement with Alt Digital Media Entertainment Limited and Marinating Films Private Limited

Balaji Telefilms Ltd. has announced a composite scheme of arrangement between itself, Alt Digital Media Entertainment Limited, and Marinating Films Private Limited. The scheme involves the reorganization of reserves and reduction of equity share capital of Alt Digital Media Entertainment Limited, the amalgamation of all three companies on a going concern basis, and the reorganization of reserves and adjustment of retained earnings of Balaji Telefilms Ltd. post amalgamation. The rationale behind the scheme is to reorganize reserves, reduce equity share capital, and consolidate and effectively manage the business of the companies in a single entity, providing benefits such as synergy, economies of scale, and cost competitiveness.