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UFO Moviez acquires 20% stake in subsidiary company

28 Sep 2018 Evaluate

UFO Moviez India has completed the acquisition of 2,895 equity shares i.e 20% of equity share capital of Valuable Digital Screens (VDSPL), a subsidiary company of the company, at a total consideration of Rs 60 lakh.

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 1521.45
Saregama India 562.20
Shemaroo Entertain. 97.70
UFO Moviez India 62.59
Tips Music 787.20
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