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UFO Moviez gets nod for dissolution of UFO Lanka

22 May 2019 Evaluate

UFO Moviez India has received approval for dissolution of UFO Lanka, a wholly owned subsidiary of the Company. As there are no operations in UFO Lanka, the Board of Directors of the Company approved dissolution of UFO Lanka at its meeting held on May 21, 2019.

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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