The Board of Directors of Shemaroo Entertainment Limited ('the Company') at the Board meeting held on April 15, 2019, has approved the investment by acquiring 50% stake of Dominiche Productions Private Limited ('Dominiche') (CIN: U74999MH2017PTC301292) having its registered office at 3, Ground Floor, Parag Niketan JVPD Scheme, Road No. 10 Mumbai-400049.
Subsequent to the acquisition, Dominiche will be the Associate of the Company.
The purchase consideration for the acquisition is Rs. 9 crores.
Shares of Shemaroo Entertainment Ltd was last trading in BSE at Rs.410 as compared to the previous close of Rs. 406. The total number of shares traded during the day was 104 in over 11 trades.
The stock hit an intraday high of Rs. 414 and intraday low of 406. The net turnover during the day was Rs. 42332.