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Cinevista gains on getting nod to sell property in Mumbai

Cinevista is currently trading at Rs. 6.85, up by 0.29 points or 4.42% from its previous closing of Rs. 6.56 on the BSE.

The scrip opened at Rs. 6.24 and has touched a high and low of Rs. 6.85 and Rs. 6.24 respectively.

The BSE group ‘T’ stock of face value Rs. 2 has touched a 52 week high of Rs. 8.09 on 23-Aug-2018 and a 52 week low of Rs. 4.60 on 19-Feb-2019.

Last one week high and low of the scrip stood at Rs. 7.00 and Rs. 6.56 respectively. The current market cap of the company is Rs. 37.68 crore.

The promoters holding in the company stood at 67.61%, while Institutions and Non-Institutions held 1.75% and 30.64% respectively.

Cinevista has received approval to sell / transfer /dispose its property situated at Kanjurmarg, Mumbai together with all specified tangible and intangible assets, including land, plant and machinery and other assets either in part or whole including land, personnel / employees, plant and machinery and other assets in relation to the Undertaking but excluding its brand name, as a going concern on a slump sale basis. The Board of Directors of the Company at its meeting held on August 21, 2019 has approved the same.

Cinevista is one of India’s leading content providers for television software, films, ad films and distributor of feature films. The media and entertainment player’s interests lies in the production of original content for various mediums.

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