Balaji Telefilms today informed the Bombay Stock Exchange that it would pursue “all legal remedies available to it” to deal with the STAR TV Group terminating the Kyunki Saas Bhi Kabhi Bahu Thi" contract. The full statement: SGL Entertainment Ltd (part of the Star Group) has issued a notice for the termination, with effect from November 10, 2008, of sourcing of content and telecasting of the program "Kyunki Saas Bhi Kabhi Bahu Thi" (Kyunki) produced by the Company.
Calling the report in the Economic Times dated September 25 on Balaji Telefilms Ltd buying a stake in 9X "completely untrue and baseless", Indrani Mukerjea (pictured), founder and CEO, INX Media said that "at no point has INX had any conversations with Balaji Telefilms on investments either in or from Balaji Telefilms." A letter to this effect has been sent to Bodhisatva Ganguly of The Economic Times.
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