Mukta Arts soars on executing assignment agreement with Zee Entertainment
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Mukta Arts is currently trading at Rs. 93.52, up by 12.61 points or 15.59% from its previous closing of Rs. 80.91 on the BSE.
The scrip opened at Rs. 85.99 and has touched a high and low of Rs. 96.80 and Rs. 84.20 respectively. So far 20656 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 98.35 on 15-Jan-2024 and a 52 week low of Rs. 61.00 on 03-Jun-2024.
Last one week high and low of the scrip stood at Rs. 96.80 and Rs. 77.00 respectively. The current market cap of the company is Rs. 182.74 crore.
The promoters holding in the company stood at 70.71%, while Non-Institutions held 29.29% stake in the company.
Mukta Arts has executed assignment agreement and term sheet with Zee Entertainment Enterprises (Zee) for assignment of satellite and media rights of 37 films of the Company for a limited period of 6 years commencing from August 25, 2027 for a total consideration of 25% more as compared to previous agreement and as per the terms and conditions entered between the Company and Zee.
Mukta Arts is one of India's leading production houses with business interests across the entertainment spectrum from Exhibition to Education.
