UFO Moviez India has received its board’s approval to purchase of 66,609 equity shares of Scrabble Entertainment (Scrabble), a subsidiary company of the company, from the existing equity shareholder of Scrabble at a total consideration of Rs 14.54 crore. The company’s board gave approval for the same at its meeting held on May 17, 2017.
UFO Moviez India was incorporated as ‘Valuable Media’. The company is India’s largest digital cinema distribution network and in-cinema advertising platform (in terms of numbers of screens).
