UFO Moviez India has received an approval for purchase of 10,000 equity shares (i.e. 100% stake) of PJSA Technosoft (PJSA) from the existing equity shareholders of PJSA at a total consideration of Rs 100,000. The board of directors at its meeting held on November 1, 2017 has approved for the same. The acquisition is being made for using this entity for company’s IP related businesses going forward.
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).
