JMD Ventures has informed that the Board of Directors in their meeting held today have approved the following businesses: To Form a Subsidiary and to invest about Rs 400.00 Lakh in phased manner for expanding its’ business on OTT platform. The Company has decided to name OTT platform as ‘JMD Cineplax’. The meeting was commenced at 11.30 Hrs. and has been concluded at 11.10 Hrs.
The above information is a part of company’s filings submitted to BSE.