UFO Moviez India has received approval from Board of Directors of the Company for further investment of up to Rs 5 crore in a phased manner in Nova Cinemaz (NOVA), Wholly Owned Subsidiary of the Company through Non-Cumulative Optionally Convertible Redeemable Preference Shares (NCOCRPS).
The investment amount will be used by NOVA for meeting its Capital Expenditure, Operational Expenditure and Working Capital Requirements. The acquisition shall be made in phased manner and is expected to be completed by March 31, 2025.
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).
| Company Name | CMP |
|---|---|
| PVR | 973.35 |
| Saregama India | 340.60 |
| Shemaroo Entertain. | 104.59 |
| Balaji Telefilms | 95.18 |
| UFO Moviez | 73.35 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: