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13-Dec2017

Adlabs Entertainment trades higher on the bourses

Adlabs Entertainment is currently trading at Rs. 69.50, up by 0.60 points or 0.87% from its previous closing of Rs. 68.90 on the BSE.

The scrip opened at Rs. 70.00 and has touched a high and low of Rs. 71.70 and Rs. 69.00 respectively. So far 12682 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 93.40 on 23-Feb-2017 and a 52 week low of Rs. 52.75 on 23-Aug-2017.

Last one week high and low of the scrip stood at Rs. 71.70 and Rs. 66.10 respectively. The current market cap of the company is Rs 563.97 crore.

The promoters holding in the company stood at 54.37%, while institutions and non-institutions held 7.91% and 37.72% respectively.

Adlabs Entertainment is reportedly in talks with three private equity (PE) firms, including Blackstone Group Warburg Pincus and TPG to raise about Rs 650 crore from financial investors as part of a two-pronged transaction that will comprise a sale of fresh shares by the company and a partial exit by existing investor ICICI Ventures. The company has appointed the advisory arm of EY to arrange the share sale.

Adlabs Entertainment is engaged in the business of development and operations of theme-based entertainment destinations in India, including theme parks, water parks and associated activities, including retail merchandising and food and beverages (F&B).


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