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Cinevista Ltd.

BSE: 532324 Sector: Media
NSE: CINEVISTA ISIN Code: INE039B01026
BSE 13:39 | 23 Jun 13.00 0.09
(0.70%)
OPEN

13.00

HIGH

13.00

LOW

12.35

NSE 13:30 | 23 Jun 12.65 -0.30
(-2.32%)
OPEN

13.45

HIGH

13.45

LOW

12.40

OPEN 13.00
PREVIOUS CLOSE 12.91
VOLUME 7324
52-Week high 16.99
52-Week low 4.85
P/E
Mkt Cap.(Rs cr) 75
Buy Price 12.55
Buy Qty 500.00
Sell Price 12.95
Sell Qty 150.00
OPEN 13.00
CLOSE 12.91
VOLUME 7324
52-Week high 16.99
52-Week low 4.85
P/E
Mkt Cap.(Rs cr) 75
Buy Price 12.55
Buy Qty 500.00
Sell Price 12.95
Sell Qty 150.00

Cinevista Ltd. (CINEVISTA) - Company History

Cinevistaas Ltd. previously known as Cinevista Communications (CCL) was incorporated in 1993 as partnership firm and was converted into private limited company in May 1997. CCL was converted into a public limited company with effect from December 1999 and the name was changed to the present one. Promoted by Prem Krishen Malhotra and Sunil Mehta both with a background in India's film industry to establish maintain and manage television and/or radio centres studios for production of serials and export thereof.Some of the popular programmes produced by Cinvesta and telecast on various channels are Katha Sagar Zindagi Gul Gulshan Gulfam and Junoon. CCL has two 100% subsidiaries Cinevista Global Private Ltd promoted for producing programmes for televsion and Cinevista News International Private Ltd incorporated for producing current affairs and news related programmes. Both the subsidiaries have not yet commenced activities.In Feb' 2000 CCL came with a public issue of 2533500 equity shares of face value Rs. 10 each consist of a book building portion of 1900000 and a fixed price portion of 633500 equity shares. The present issue is for setting up an integrated studio and a web-casting service on the internet procurement of web rights for TV programmes and movies overseas production centres and to augment the long term working capital of the company.Currently CCL has 26 different programme formats in various stages of development setting up of production centres in 2 overseas markets in under progress and it is also in process of structuring 3 strategic alliances in related business.During 2000-2001 two new companies namely Cinevista Studios Pvt. Ltd. & Cinevista Eagle Plus Media Pvt. Ltd. were incorporated. While Cinevista Studios Pvt. Ltd. is incorporated to deal in the business of purchase sale hire distribute etc. production and post production facilities and equipment for production recording editing etc. of feature films etc. Cinevista Eagle Plus Media Pvt. Ltd. is a joint venture between the CCL and Mr Umesh Mehra for the production of feature films telefilms etc. The company has also acquired 99% stake in Video Vista Inc. New Jersey USA and is engaged in the business of distributing TV programmes of Indian Origin in different parts of the world. This acquisition will help the company to expand its overseas business by licensing of its TV programme library in different parts of the world.