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Mukta Arts informs about investor funding

06 May 2021 Evaluate

In pursuance to Regulation 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mukta Arts has informed that Mukta A2 Multiplex S.P.C. (Bahrain) is the Wholly Owned Subsidiary of the Company and in operations since year 2016.  The Company is operating a Six Screen Multiplex at Juffair Mall, Bahrain.  Now, the Company is aiming to expand its activities and now completing Fit-Outs at 10 Screen Property at Dana Mall, Bahrain on Project Consultancy basis and shall also be operating the same after the same is operational. The Bahrain Subsidiary is also looking for expanding its activities in Saudi Arabia where the Kingdom has now started permitting Cinema Theatres to operate. In order to meet the cash flow requirement for the same, the Company has obtained equity funding from well-known Indian Film Distributor Company, A. A. Films.  Accordingly, the status of Bahrain Company will be changed from Wholly Owned Subsidiary to Partly Owned Subsidiary. Both Mukta Arts and A. A. Films have agreed to bring in further capital funding if needed.

The above information is a part of company’s filings submitted to BSE.

Mukta Arts Share Price

47.80 0.00 (0.00%)
17-Apr-2026 16:59 View Price Chart
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