Shalimar Productions has received an approval to acquire forty nine percent stake in Big Idea Designs, a UK based Company engaged in making English & Hollywood movies. The board of directors at its meeting held on June 22, 2015 has approved for the same.
The company also received approval for acquiring the existing shares from the shareholders of Big Ideas in exchange of which equity shares of the company shall be allotted by way of Preferential Issue subject to the approval of members by way of special resolution.
Shalimar Productions is in the business of film and music production and distribution.
