M&A

M&A

UFO Moviez sells its stake in Mukta V N Films to Maverick Media for Rs.3.3-Cr

BSE Announcement   Business Standard   Mukta V N Films  

Publicly listed, digital cinema distribution network and in-cinema advertising platform UFO Moviez India has sold 30,59,950 equity shares (representing 48%) in its associate company, Mukta V N Films , a film programming company to fellow Mumbai-based digital marketing agency Maverick Media, for INR 3.3 crore. UFO Moviez also sold 2,40,000 share warrants of Mukta V N Films.For FY24, Mukta V N Films had reported a turnover of INR 2.12 crore and Networth of INR 5.84 crore.