AJEL Ltd Proposes Acquisition of Zineeverse Motion Pictures via Share Swap

AJEL Ltd has announced its intention to acquire the business of Zineeverse Motion Pictures Private Limited through a share swap. Zineeverse Motion Pictures is involved in media-related activities including digital streaming, software development for media, content production, and distribution. The acquisition is limited to Zineeverse's business operations. A letter of intent has been signed, and the transaction is subject to due diligence, definitive agreements, and necessary board and regulatory approvals. The consideration for the acquisition will be AJEL Ltd's equity shares.