Joint Venture2 Feb 2024, 12:40 am
UFO Moviez India Ltd to Acquire Stake in Upmarch Media Network Private Limited
AI Summary
The company has decided to acquire entire stake of Qube Cinema Technologies Private Limited, comprising of 1,00,000 equity shares of Rs. 10/- each (50%) at face value in the Joint Venture Company named Upmarch Media Network Private Limited, which was incorporated for undertaking Ad sales business.,
Key Highlights
- Acquisition of stake in Upmarch Media Network Private Limited
- Upmarch to become wholly owned subsidiary of the Company
- Termination of joint venture agreements with Qube