UFO Moviez India has received approval to demerge Caravan Talkies advertising business of Valuable Digital Screens (VDSPL). The proposed demerger will enable the company to cater to the needs of the advertisers across both rural and urban audiences thereby enabling them to plan their spending in a coordinated manner, through a common vendor.
The Board of Directors of the Company at its meeting held on June 07, 2019 has approved the same.
UFO Moviez India was incorporated as ‘Valuable Media’. The company is India’s largest digital cinema distribution network and in-cinema advertising platform (in terms of numbers of screens).