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.

Quick Links

 

Market News

Business as usual resumes for markets

Economists do not expect the referendum result to impact economic data flow

Yahoo rakes in another jackpot from Alibaba's IPO

Yahoo is in line to make anywhere from $8.3 billion to $9.5 billion from the initial public offering

India Vix touches all-time low of 11.88

This indicates that investors remain optimistic that the market will continue to trend upward

MCX-SX to approach CCI against rival BSE

Low transaction fees in BSE's currency derivative segment anti-competitive, alleges MCX-SX

PFRDA sets up an expert committee to assess investment guidelines

The panel will review current investment guidelines for NPS schemes for private sector and recommend changes or new schemes

Back to Top