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:   
|
|

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.

Mukta Arts has surged 14% to Rs 43.40 in after noon deals on signing a contract with Zee 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.

Mukta Arts has surged 14% to Rs 43.40 in after noon deals on signing a contract with Zee 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,” Mukta Arts 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.

image

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

Advertisements

Quick Links

Market News

Banks, rate-sensitives drive markets ahead of RBI policy

The Sensex surges 302 points; logs first weekly gain in three weeks. The Nifty rises 95 points

Delivery-based volumes hit one-year high in March

Earlier, in March 2014, more than half, or 51%, of the total traded shares got converted into delivery before the general elections

Gold shipments into Gujarat register highest rise in last four years: GSECL

The official added that rise in import of gold is a sign that the economy is recovering slowly

FY16 begins on a firm note; Sensex ends 300 points higher

The 30-share Sensex gained 303 points to end at 28,260 and the 50-share Nifty soared 95 points to close at 8,586

Sensex gains over 300 points led by financials

Provisionally, the 30-share Sensex gained 134 points to end at 28,091 and the 50-share Nifty soared 39 points to close at 8,530

 

Back to Top