09-01-2022 03:39 PM | Source: Accord Fintech
Shemaroo Entertainment soars on entering Web 3.0 space in partnership with Seracle
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Shemaroo Entertainment is currently trading at Rs. 138.90, up by 1.65 points or 1.20% from its previous closing of Rs. 137.25 on the BSE.

The scrip opened at Rs. 136.80 and has touched a high and low of Rs. 140.00 and Rs. 136.80 respectively. So far 1081 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 177.70 on 23-Sep-2021 and a 52 week low of Rs. 92.50 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 149.50 and Rs. 131.50 respectively. The current market cap of the company is Rs. 377.56 crore.

The promoters holding in the company stood at 65.88%, while Institutions and Non-Institutions held 0.23% and 33.89% respectively.

Shemaroo Entertainment has entered the Web 3.0 space in partnership with leading blockchain technology company Seracle, thus leading the Web 3.0 initiatives in the media and entertainment industry. The rising demand for enhanced user experience and increasing advancements in connectivity are the key factors driving Web 3.0 market revenue growth and with this new partnership, Shemaroo has taken giant strides to create a strong foundation.

Since its inception, Shemaroo has fostered a culture of innovation and technology that has enabled the brand to stay ahead and cater to the evolving needs of the consumers. Web3 technology is expanding at a breakneck speed and is going to favourably impact the entertainment sector as well. Seracle is a Web 3.0 full stack infrastructure company, building decentralized applications globally. With their enterprise blockchain expertise, Shemaroo will be unleashing the value of intellectual properties to democratize creativity, ownership, and applications in the new frontier using Blockchain technology.

Shemaroo Entertainment is a leading Indian content power house with a global reach, which has been playing a pioneering role in the arena of content ownership, aggregation and distribution.