UFO Moviez India Ltd - Announcement under Regulation 30 (LODR)-Updates on Acquisition
Download 
|
< Back |
| 14 Nov 2020 | |
| We write with reference to our ltr dtd 13.10.2020 (enclosed hereto) wherein we had informed that Board of Scrabble Entertainment Ltd ('SEL'), a wholly owned subsidiary of Co., at its meeting held on 12.10.2020 had inter alia considered and approved investment of upto Rs.8 cr by way of equity and/or non-cumulative optionally convertible redeemable preference shares and/or any other instruments, over period of upto 2 years in Mumbai Movie Studios Pvt Ltd ('MMSPL').<BR> <BR> Accordingly, SEL has subscribed for 75,00,000 Optionally Convertible Redeemable Preference Shares ('Preference Shares') of MMSPL of face value of Rs.10 each, by making payment of Rs.1,50,00,000 @ Rs.2 per Preference Share (as application money).<BR> <BR> Board of MMSPL at its meeting held on 13.11.2020 has approved allotment of 75,00,000 Preference Shares having face value of Rs10 each to SEL at paidup value of Rs2 per Preference Share (as application money).<BR> <BR> Post aforesaid allotment, SEL does not hold any voting rights in MMSPL. | |
| View all announcements for UFO Moviez India Ltd | Source: BSE India |
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback