UFO Moviez India gets nod to acquire stakes in subsidiary company
13th Nov 2020

UFO Moviez India has received approval from its board of directors for purchase of 10,000 equity shares (4.03% shareholding) of UFO Software Technologies (USTPL), a subsidiary company of the Company from other shareholders of USTPL at a total considetation of Rs 100,000. Post the acquisition, the Company will hold 100% of issued and paid-up equity share capital of USTPL. 

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).