HDFC Mutual Fund has bought 7 lakh shares of Shemaroo Entertainment through the open market route. The shares were purchased on an average price of Rs 176.17 valuing the transaction to Rs 12.33 crore. On the other hand, Morgan Stanley Mauritius Company has sold 3.64 lakh shares of the company at Rs 176.87 through the open market route.
Shemaroo Entertainment is engaged in the business of Aggregation, Production and Co- Production of Cinematograph Films, Dramas etc., and subsequently exploiting and distributing rights of Films, Dramas across the world through various medium such as television licensing , DVD and VCD release, exploiting various rights of the content through new distribution avenues such as IPTV, VOD and mobile platform.
