MoneyWorks4Me

UFO Moviez India’s arm gets nod to invest funds in Mumbai Movie Studios

13 Oct 2020 Evaluate

UFO Moviez India’s wholly owned subsidiary -- Scrabble Entertainment (SEL) has received approval from board of directors for investment of up to Rs 8 crore by way of equity and/or non-cumulative optionally convertible redeemable preference shares and/or any other instruments, over a period of up to two years in Mumbai Movie Studios (MMSPL). 

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 1380.40
Saregama India 510.40
Shemaroo Entertain. 104.00
UFO Moviez India 57.45
Tips Music 718.75
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