Bollywood Star Ajay Devgn Invests Big – Puts ₹2.7 Crore in Panorama Studios, Sees Massive Returns
Bollywood’s powerhouse, Ajay Devgn, has made a significant investment of more than ₹2 crore in Panorama Studios International, a smallcap film production company. Known for his roles in blockbuster films like the Singham franchise, Devgn secured 1 lakh equity shares through the company’s preferential issue of shares.
Panorama Studios International recently offered a preferential issue of 10 lakh equity shares and 15.41 lakh warrants to both promoters and non-promoters. Ajay Devgn joined eight other investors in this round, contributing a total of ₹24.66 crore. His investment of ₹2.74 crore for 1 lakh equity shares, priced at ₹274 per share, represents a substantial discount compared to the closing price of ₹948.40 per share on the BSE.
As of 10:05 am, Panorama Studios shares are trading 2.28% higher at ₹970.00 on the BSE, boasting a market capitalization of just over ₹1,200 crore. In 2024 alone, Panorama’s stock has surged by more than 176%, showing an impressive 255% growth in the last three months and a staggering 884% multibagger returns in one year.
Devgn, who has previously collaborated with Panorama on films like ‘Dil Toh Baccha Hai Ji,’ ‘Raid,’ and ‘Drishyam,’ brings not just his investment but also his association with the studio to the table.
Last week, Panorama Studios made headlines by sealing production deals with Humble Motion Pictures FZCO and Reliance Industries (JIO Studios) for three Punjabi movies: “Carry On Jettiye,” “Ardaas 3,” and “Manje Bistre 3.”
There’s also buzz around Panorama Studios entering the Hollywood scene. Teaming up with Gulfstream Pictures and JOAT Films, the studio is set to remake the Drishyam franchise for a global audience. Kumar Mangat Pathak, Chairman, and MD of Panorama Studios, aims to produce Drishyam in ten countries over the next three to five years, outlining an ambitious mission for the renowned film production house.
Investors and Bollywood enthusiasts are keeping a close eye on Panorama Studios as Ajay Devgn’s investment signals confidence and potential for significant returns in the entertainment industry.
