Adlabs Films to buy Synergy Comm pie

Anil Ambani-controlled entertainment company Adlabs Films Ltd said on Thursday it will acquire a majority stake in Synergy Communications Pvt Ltd.

Adlabs Films informed the Bombay Stock Exchange that it had signed a letter of intent to acquire the stake in Synergy Communications, a Delhi-based company headed by Siddhartha Basu.

Shares of Adlabs were trading at Rs 339.75 on the BSE on Thursday, up 2.30 per cent.

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