SPONSORED BY

Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
 
Business Standard

Mukta Arts surges on pact with ZEEL

Signed a contract with Zee Entertainment for the assignment of satellite and other electronic rights of its 35 films for 5 years in a deal worth of Rs 25 crore.

Related News

Mukta Arts has surged 14% to Rs 43.40 in after noon deals on signing a contract with Entertainment Enterprises for the assignment of satellite and other electronic rights of its 35 films for 5 years in a deal worth of Rs 25 crore.

“The company has entered into a contract with Zee Entertainment Enterprises for the assignment of satellite and other electronic rights of its 35 films for 5 years from the dates on which current satellite rights expire,” said in a statement.

The deal is for Rs 25 crore plus applicable taxes. The entire deal amount is being paid during the calendar year 2013, it added.

However, the revenue from the deal will be recognised in the profit & loss account, of the company based on the dates on which the rights commence for each film, the company said.

The stock opened at Rs 38.50 and hit a high of Rs 43.75 on the NSE. A combined 151,585 shares have already changed hands on the counter so far against an average less than 10,000 shares that were traded daily in past ten trading days.

Read more on:   
|
|

Read More

Trading Strategies: Suzlon Energy, Unity Infra, Titan Industries

Check out how key stocks stakc up on the technical parameters with Ravi Nathani, technical analyst, Nsetoday.com.

Recommended for you

Quick Links

Market News

Govt proposal to halt trading irks market participants

Market raps disinvestment department's proposal to Sebi for suspension of trading in a stock during divestment as ill-conceived, unfair and ...

Worrying signs as global crude oil inventory hits 80-year high

Slippery slope ahead if oil demand and prices don't pick up soon

Nifty holds 8,900 amid choppy trades; FMCG, Pharma shares lead

The 30-share Sensex gained 68 points to end at 29,449 and the 50-share Nifty rose 15 points to close at 8,938.

Sensex ends 78 points higher amid choppy trades, HDFC twins up 2%

Provisionally, the 30-share Sensex gained 78 points to end at 29,458 and the 50-share Nifty rose 13 points to close at 8,936.

HCL Technologies hits new high on strategic alliance with Tele2

The stock up 2% at Rs 2,075, also its record high on BSE.

 

Back to Top