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UFO Moviez gets approval to acquire stake in subsidiary company

09 Aug 2018 Evaluate

UFO Moviez India has received approval to purchase 2,895 equity shares in its subsidiary -- Valuable Digital Screens (VDSPL) from the existing equity shareholder of VDSPL at a total consideration of Rs 60 lakh.

The meeting of the Board of Directors of the company held on August 8, 2018 approved the same.

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).

Peers
Company Name CMP
PVR Inox 1334.90
Saregama India 503.45
Shemaroo Entertain. 120.20
UFO Moviez India 61.13
Balaji Telefilms 94.90
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