India's UFO Moviez up after approving execution of JV with Qube Cinemas

UFO Moviez India

06/07/2023 11:18

** Shares of UFO Moviez  UFOM.NS  up as much as 8% to 86.45
rupees
    ** Biggest intraday pct gain since Oct. 17, 2022; highest
level since Feb. 9 
    ** Stock closes higher at 6.2% to 85 rupees 
    ** The digital cinema distribution co approves execution of
joint venture agreements with Qube Cinema Technologies
    ** Co also approves merger of its units, namely Scrabble
Entertainment, Plexigo Entertainment, Zinglin Media and Scrabble
Entertainment(Mauritius), with parent co
    ** As of last close, stock down 13.8% YTD 

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))