UFO Moviez India Limited — Important, 23-12-2024: General Updates

UFO Moviez India Limited has completed the sale of its stake in associate company Mukta V N Films Limited, concluding the transaction with the transfer of 30,59,950 equity shares, representing 48.11% of Mukta's equity share capital. Additionally, the transaction included the sale of 10 equity shares held by nominee shareholders and 2,40,000 share warrants. Following the completion of this transaction, Mukta is no longer classified as an associate of UFO Moviez. This divestment reduces the company's exposure in Mukta and may streamline its focus on core operations, presenting a positive outlook for future strategic initiatives.