UFO Moviez India to Acquire Digital Cinema Deployment Business

MT Newswires Live

2024/11/20

UFO Moviez India (NSE:UFO, BOM:539141) has agreed to acquire the digital cinema deployment business of United Mediaworks for 120 million Indian rupees, according to a Wednesday filing to the stock exchanges.

In addition, the company has entered into a non-compete agreement with United Mediaworks, its promoters, and key person and has agreed to a non-compete fee of 10 million rupees.

Price (INR): ₹98.52, Change: ₹-0.81, Percent Change: -0.82%

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