The Board of Directors of Cineline India Limited ('Company') in its meeting held today i.e., Wednesday, July 20, 2022, have, considered and approved sale and transfer of Eternity Mall situated at Nagpur (Business undertaking in terms of section 180(1)(a)) on 'as-is-where-is basis' at a value of Rs. 60 Crore/- (Indian Rupees Sixty Crore Only) to RAMSONS HOLDINGS PRIVATE LIMITED, CIN: U67120MH1994PTC080546 on such terms and conditions as agreed by the Board of Director of the Company ('Asset Sale').
The members of the Company in the Extra-Ordinary General Meeting of the Company held on July 4, 2022 have accorded their consent for the above Asset Sale.
Shares of Cineline India Limited was last trading in BSE at Rs. 133.50 as compared to the previous close of Rs. 131.65. The total number of shares traded during the day was 353 in over 13 trades.
The stock hit an intraday high of Rs. 135.00 and intraday low of 131.05. The net turnover during the day was Rs. 47068.00.