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 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.

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

BS Poll: Market experts fear up to 10% more correction

Worries remain on earnings-valuations mismatch, global issues; resolution of the MAT row could be biggest positive trigger

Trading costs to go up after FMC-Sebi merger

Brokers will have to pay registration fee which will be passed on to clients

India's gold demand down 5.68% in March quarter

India's overall gold consumption stood at 179.5 tonnes in the quarter, against 190.3 tonnes in the year-ago period

Nifty ends above 8,250; ICICI Bank jumps 8%, Maruti Suzuki up 5%

The auto and banking indices surged by more than 2% each, with ICICI Bank and Maruti Suzuki leading the gains

Markets snap three-day losing streak; Sensex rises 154 points

The 30-share Sensex provisionally ended up 154 points at 27,331 and the 50-share Nifty ended up 51 points at 8,265.

 

Back to Top