Ajay Devgn buys Panorama International shares

Published : 04 March 2024

Prominent Bollywood actor Ajay Devgn has invested over ₹2 crore in Panorama Studios International, a film production company. By taking part in the smallcap company's preferential share offering, Devgn acquired one lakh equity shares.

Ajay Devgn buys Panorama International shares

Recently, Panorama Studios International began offering its promoters and non-promoters a preferential issuance of 10 lakh equity shares and 15.41 lakh warrants. 

Panorama Studios offered preferential shares

Ajay Devgn was one of the 9th investors

Ajay Devgn was one of nine investors who contributed ₹24.66 crore to the preferential share issuance. Devgn purchased 1 lakh equity shares of the firm for ₹2.74 crore, which is a significant discount to the closing price of ₹948.40 a share on the BSE on Saturday. 

On the BSE, shares of Panorama Studios were up 2.28% at ₹970.00 a share, giving them a market valuation of just over ₹1,200 crore. The price of Panorama's shares has increased by over 176% in 2024 thus far, and by over 255% in only three months. In a single year, the smallcap stock has produced multibagger returns of more than 884%

Panaroma stocks gave 884% returns in 1 year

Gulfstream Pictures and JOAT Films have partnered up with Panorama Studios to produce the Hollywood adaptation of the Drishyam series.

Recent partnerships of Panorama International

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