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UTV Software’s promoter buys shares worth Rs 180 crore

06 Jan 2012 Evaluate

UTV Software Communications - one of promoters - Unilazer Exports and Management Consultants, has hiked its stake in the company by picking up additional 18,15,593 shares of the company. Theses shares are worth Rs 180 crore and Unilazer Exports and Management Consultants has bought it from another promoter group entity - Unilazer (Hong Kong) for Rs 992 each.

As of the September quarter, Unilazer Exports and Management Consultants held a 9.22% stake in UTV Software Communications, while Unilazer (Hong Kong) held a 6.29% participating interest in the company.

Mumbai-based UTV Software’s businesses include production and distribution of movies, making of content for television, running TV channels as well as gaming and animation. In India, Disney operates TV channels, including Hungama TV andDisney XD, and distributes content.

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