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UFO Moviez India’s arm acquires balance 51% stake in SAVET LLC

29 Sep 2023 Evaluate

UFO Moviez India’s step down wholly owned subsidiary -- Scrabble Entertainment DMCC (SEDMCC), has acquired balance 51% of the share capital of its Associate, Scrabble Audio Visual Equipment Trading LLC - Dubai, U.A.E. (SAVET LLC) from an existing shareholder.

Subsequent to the acquisition SAVET LLC has become a wholly owned subsidiary of SEDMCC and a step down wholly owned subsidiary of the Company. Purchase of shares is in ordinary course of business.

UFO Moviez India operates India’s largest satellite-based, digital cinema distribution network (in terms of numbers of screens) using its UFO-M4 platform, as well as India’s largest D-Cinema network (in terms of numbers of screens).

UFO Moviez Share Price

73.08 -0.90 (-1.22%)
19-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
PVR 949.25
Saregama India 465.75
Shemaroo Entertain. 134.00
Balaji Telefilms 89.79
UFO Moviez 73.08
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