UFO Moviez India’s wholly owned subsidiary -- Scrabble Entertainment (SEL) has received an approval for purchase of 3,95,428 equity shares of Scrabble Digital (SDL), an associate company of SEL, from the existing equity shareholders of SDL at a total consideration of Rs 24 crore. The Board of Directors of SEL at its meeting held on October 25, 2018 approved the same.
SDL has established digital laboratories in India and is in the business of providing services including Digital Cinema Packets (DCP) Mastering, DCP Cloning and transportation of encrypted DCP content across India and KDM Management.
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).
