Media & Entertainment Newsletter – August 21 to August 25, 2017

This Week, “Mukta Arts announced that it has disposed of its investment held in Maya Digital Studio to Cosmos Entertainment Pte. Ltd for a total amount of Rs 6,13,04,380.”

Aug 26, 2017 11:08 IST India Infoline News Service

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Top News
 
Balaji Telefilms approves selling 25% stake to RIL
 
Balaji Telefilms announced that the board of the company in its meeting held on Tuesday has approved the allotment of 2.52 crore equity shares of the company of face value of Rs 2 each at a price of 164 per equity share, for a total consideration of Rs 413.28 crore to RIL. Read More
 
Mukta Arts sells-off its shares in Maya Digital Studio
 
Mukta Arts announced that it has disposed of its investment held in Maya Digital Studio to Cosmos Entertainment Pte. Ltd for a total amount of Rs 6,13,04,380. Read More
 
Eros Worldwide pays down over USD 40 million of debt
 
Eros Worldwide FZ LLC, the promoter of Eros International Media, announced that it has completed the sale of 11,716,850 shares of EIML between April to August 2017, amounting to over USD 40 million (Rs 256.2 crore) to reduce its revolving credit facility. Read More
 
DEN Networks gets NCLT nod for merger
 
DEN Networks announced that it has received approval from the National Company Law Tribunal (NCLT) for the composite Scheme of Arrangement for merger of 23 subsidiaries and de-merger of an entity with a wholly owned subsidiary. Read More

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