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UFO Moviez India gets nod to acquire stakes in subsidiary company

13 Nov 2020 Evaluate

UFO Moviez India has received approval from its board of directors for purchase of 10,000 equity shares (4.03% shareholding) of UFO Software Technologies (USTPL), a subsidiary company of the Company from other shareholders of USTPL at a total considetation of Rs 100,000. Post the acquisition, the Company will hold 100% of issued and paid-up equity share capital of USTPL. 

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).

UFO Moviez Share Price

72.49 -0.43 (-0.59%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
PVR 1005.05
Saregama India 348.05
Shemaroo Entertain. 103.06
Balaji Telefilms 100.18
UFO Moviez 72.49
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