Millitoons Entertainment Ltd announces the acquisition of J & K Hotels, LLC and termination of acquisition agreement of Kirksville Hospitality, Inc by MIENT Hospitality, LLC.
Millitoons wholly owned subsidiary "Mient Hospitality, LLC" in USA acquires 20 % stake in J & K Hotels, LLC an Indiana Limited Liability Company in USA. Hence, J&K Hotels, LLC becomes Associate Company of Mient Hospitality, LLC.
Further, it may be recalled that the Company has vide corporate announcement dated September 11, 2017 announced the acquisition Kirksville Hospitality, Inc by MIENT Hospitality LLC, has been terminated due to non fulfillment of certain clauses of acquisition agreement by the seller.
Shares of Millitoons Entertainment Ltd was last trading in BSE at Rs.31.85 as compared to the previous close of Rs. 30.15. The total number of shares traded during the day was 9296 in over 67 trades.
The stock hit an intraday high of Rs. 31.9 and intraday low of 29.85. The net turnover during the day was Rs. 285842.