Home / BUSINESS / UFO Moviez shines on getting nod for dissolution of UFO Lanka

UFO Moviez shines on getting nod for dissolution of UFO Lanka

UFO Moviez India is currently trading at Rs. 225.70, up by 13.35 points or 6.29% from its previous closing of Rs. 212.35 on the BSE.

The scrip opened at Rs. 226.00 and has touched a high and low of Rs. 229.00 and Rs. 224.00 respectively. So far 2526 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 398.00 on 30-May-2018 and a 52 week low of Rs. 162.30 on 14-May-2019.

Last one week high and low of the scrip stood at Rs. 229.00 and Rs. 169.50 respectively. The current market cap of the company is Rs. 602.03 crore.

The promoters holding in the company stood at 30.09%, while Institutions and Non-Institutions held 42.51% and 27.40% respectively.

UFO Moviez India has received approval for dissolution of UFO Lanka, a wholly owned subsidiary of the Company. As there are no operations in UFO Lanka, the Board of Directors of the Company approved dissolution of UFO Lanka at its meeting held on May 21, 2019.

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).

Please share this news