Mukta Arts Shares Surge 14% Following New Agreement with Zee Entertainment

  • calendar25 Sept, 08:22 PM (GMT+5:30)
  • time2 Min
  • share

Summary

Mukta Arts Ltd. today, Wednesday, September 25, saw its shares climb 14% as a result of its announcement yesterday, September 24, that it had executed an Assignment Agreement and Term Sheet with Zee Entertainment Enterprises Limited for the assignment of satellite and media rights for 37 films of Mukta Arts. 

Mukta Arts Shares Surge 14% Following New Agreement with Zee Entertainment

Key Takeaways from the Share Surge:

  • Mukta Arts signed a deal with Zee Entertainment for the satellite and media rights for 37 Mukta Arts films. 
  •  The 25% consideration will be more than the previous deal. 
  •  This morning, 25 September, shares spiked 14% after the announcement. 

The deal starts on 25 August 2027 and grants Zee the rights to air the films for a period of time of 6 years. In this deal, Mukta Arts gets 25% consideration over its previous agreement with Zee, which is more good financial news for the company. 

This announcement has been positively received by the market, boosting investor confidence in Mukta Arts and contributing to the impressive rise in the company's stock price today.

About Zee Entertainment Enterprises Limited 

Zee Entertainment Enterprises Ltd. (ZEEL) is a leading Indian media company specialising in broadcasting satellite television channels, selling media content, and providing space-selling services for other channels. Founded in 1982 by Subhash Chandra, ZEEL is India's largest television network and a global content powerhouse, connecting over 1 billion people across multiple genres, languages, and platforms. Its diverse portfolio includes television, digital content, movies, music, and live events, making it a key player in both broadcast and digital entertainment markets.

About Mukta Arts Limited

Incorporated in 1982, Mukta Arts Ltd. is a well-established production house in the Indian entertainment industry, primarily focused on film production, distribution, and exhibition. Founded by Mr. Subhash Ghai, Mukta Arts has produced a library of over 42 films and offers production facilities to other filmmakers and independent producers. The company also operates across various entertainment segments, including education and exhibition, making it a key player in the broader spectrum of the Indian film and entertainment industry.

Source - NSE

Take your investment to next level

Open a FREE* Demat and Trading account to invest in Stocks, Mutual Funds, IPOs and more

JioFinance Launches New App for Financial Services

JioFinance Launches New App for Financial Services

The full version introduces new financial services, including loans on mutual funds, home loans, and loans against, all offering competitive rates. It also allo...

Bandhan Bank Shares Surge 7% Following Key Announcements

Bandhan Bank Shares Surge 7% Following Key Announcements

The key announcements driving the 7% surge in Bandhan Bank's shares include the RBI's approval of Partha Pratim Sengupta as the new MD & CEO and the bank’s sign...

UGRO Capital Launches Public Issue of Secured, Rated, Listed, Redeemable Non-Convertible Debentures

UGRO Capital Launches Public Issue of Secured, Rated, Listed, Redeemab...

This public issue has a base size of ₹10,000 lakhs, with an option to retain oversubscription of up to ₹10,000 lakhs, aggregating to a total of ₹20,000 lakhs. T...

Featured News

Ola Electric Launches Network Partner Program to Boost EV Adoption

Ola Electric Launches Network Partner Program to Boost EV Adoption

To accelerate the adoption of electric vehicles (EVs) across India, Ola Electric has introduced its 'Network Partner Program,' designed to expand its sales and ...

Adani Total Gas Up 8% as Co Secures Largest Global Financing

Adani Total Gas Up 8% as Co Secures Largest Global Financing

The initial funding of $375 million, arranged with overseas lenders, comprises $315 million in commitments and the ability to raise more funds. Five internation...

Vodafone Idea Shares Surge by 7% Post Announcing Mega $3.6 Billion Deal with Global Network Partners

Vodafone Idea Shares Surge by 7% Post Announcing Mega $3.6 Billion Dea...

As per a stock exchange filing, VIL has renewed its long-term partnerships with Nokia and Ericsson while welcoming Samsung as a new partner. These contracts wil...

Other News Categories

Next News

Delta Corp. Shares Surge 10% Following Demerger Announcement

  • calendar25 Sept, 08:54 PM (GMT+5:30)
  • time2 Min
  • share

Summary

Delta Corp. Limited share price saw a rise of 10% on its share price today, September 25, following the company’s announcement of a substantial corporate restructuring on September 24. The Board of Directors approved a draft Composite Scheme of Arrangement to demerge Delta Corp’s Hospitality and Real Estate business into a newly floated entity, Delta Penland Private Limited (DPPL). 

Delta Corp. Shares Surge 10% Following Demerger Announcement

Key Takeaways of the Demerger:

  • The hospitality and real estate segment of Delta Corp, including its flagship properties like Deltin Suites in Goa and The Deltin in Daman, will now operate under DPPL. 
  • The demerger is aimed at creating two distinct listed entities: Delta Corp, which will focus on its core gaming operations, and DPPL, which will handle hospitality and real estate.

The corporation affirmed that the separation will facilitate improved management focus, operational efficiencies, and more focused resource allocation. Although Delta Corp. was diversifying into casino gaming, online gaming, hospitality, and real estate, the market had predominantly seen Delta as a gaming company. The demerger is therefore expected to unlock value for Delta shareholders who will be granted common shares in both Delta Corp. and Delta Penland once the scheme is activated on BSE and NSE.

The scheme will be subject to regulatory approvals, including from SEBI, the National Company Law Tribunal (NCLT), and shareholders. After the demerger, shareholders in Delta Corp. will receive for each hold, 1 equity share of Delta Penland. After the demerger of Delta Corporation, Delta Penland will have the same shareholding structure as Delta Corporation.

As Delta Corp moves forward with this restructuring, the market's optimistic response indicates investor confidence in the company’s strategic shift, positioning it for growth in both the gaming and hospitality sectors.

About Delta Corp. Limited

Delta Corp Limited is the only publicly listed company to operate in the gaming (live, electronic, and online) and hospitality areas in India. Founded in 1990 as a textiles and real estate consultancy company, Delta Corp. has diversified into segments such as casino gaming, online gaming, hospitality, and real estate. Delta Corp. and its subsidiaries own and operate the 'Deltin' brand of casinos across the states of Goa and Sikkim. The company also owns and operates 'Deltin Suites', an all-suite casino-hotel in Goa, and 'The Deltin', a five-star hotel and integrated resort in the city of Daman. The company has expanded into e-commerce with the online poker site 'Adda52' and the online rummy site 'Adda52rummy.com', which targets online poker and rummy players. 

Source - NSE

Take your investment to next level

Open a FREE* Demat and Trading account to invest in Stocks, Mutual Funds, IPOs and more

JioFinance Launches New App for Financial Services

JioFinance Launches New App for Financial Services

The full version introduces new financial services, including loans on mutual funds, home loans, and loans against, all offering competitive rates. It also allo...

Bandhan Bank Shares Surge 7% Following Key Announcements

Bandhan Bank Shares Surge 7% Following Key Announcements

The key announcements driving the 7% surge in Bandhan Bank's shares include the RBI's approval of Partha Pratim Sengupta as the new MD & CEO and the bank’s sign...

UGRO Capital Launches Public Issue of Secured, Rated, Listed, Redeemable Non-Convertible Debentures

UGRO Capital Launches Public Issue of Secured, Rated, Listed, Redeemab...

This public issue has a base size of ₹10,000 lakhs, with an option to retain oversubscription of up to ₹10,000 lakhs, aggregating to a total of ₹20,000 lakhs. T...

Featured News

Ola Electric Launches Network Partner Program to Boost EV Adoption

Ola Electric Launches Network Partner Program to Boost EV Adoption

To accelerate the adoption of electric vehicles (EVs) across India, Ola Electric has introduced its 'Network Partner Program,' designed to expand its sales and ...

Adani Total Gas Up 8% as Co Secures Largest Global Financing

Adani Total Gas Up 8% as Co Secures Largest Global Financing

The initial funding of $375 million, arranged with overseas lenders, comprises $315 million in commitments and the ability to raise more funds. Five internation...

Vodafone Idea Shares Surge by 7% Post Announcing Mega $3.6 Billion Deal with Global Network Partners

Vodafone Idea Shares Surge by 7% Post Announcing Mega $3.6 Billion Dea...

As per a stock exchange filing, VIL has renewed its long-term partnerships with Nokia and Ericsson while welcoming Samsung as a new partner. These contracts wil...

Other News Categories

Next News

Delta Corp. Shares Surge 10% Following Demerger Announcement

  • calendar25 Sept, 08:54 PM (GMT+5:30)
  • time2 Min
  • share

Summary

Delta Corp. Limited share price saw a rise of 10% on its share price today, September 25, following the company’s announcement of a substantial corporate restructuring on September 24. The Board of Directors approved a draft Composite Scheme of Arrangement to demerge Delta Corp’s Hospitality and Real Estate business into a newly floated entity, Delta Penland Private Limited (DPPL). 

Delta Corp. Shares Surge 10% Following Demerger Announcement

Key Takeaways of the Demerger:

  • The hospitality and real estate segment of Delta Corp, including its flagship properties like Deltin Suites in Goa and The Deltin in Daman, will now operate under DPPL. 
  • The demerger is aimed at creating two distinct listed entities: Delta Corp, which will focus on its core gaming operations, and DPPL, which will handle hospitality and real estate.

The corporation affirmed that the separation will facilitate improved management focus, operational efficiencies, and more focused resource allocation. Although Delta Corp. was diversifying into casino gaming, online gaming, hospitality, and real estate, the market had predominantly seen Delta as a gaming company. The demerger is therefore expected to unlock value for Delta shareholders who will be granted common shares in both Delta Corp. and Delta Penland once the scheme is activated on BSE and NSE.

The scheme will be subject to regulatory approvals, including from SEBI, the National Company Law Tribunal (NCLT), and shareholders. After the demerger, shareholders in Delta Corp. will receive for each hold, 1 equity share of Delta Penland. After the demerger of Delta Corporation, Delta Penland will have the same shareholding structure as Delta Corporation.

As Delta Corp moves forward with this restructuring, the market's optimistic response indicates investor confidence in the company’s strategic shift, positioning it for growth in both the gaming and hospitality sectors.

About Delta Corp. Limited

Delta Corp Limited is the only publicly listed company to operate in the gaming (live, electronic, and online) and hospitality areas in India. Founded in 1990 as a textiles and real estate consultancy company, Delta Corp. has diversified into segments such as casino gaming, online gaming, hospitality, and real estate. Delta Corp. and its subsidiaries own and operate the 'Deltin' brand of casinos across the states of Goa and Sikkim. The company also owns and operates 'Deltin Suites', an all-suite casino-hotel in Goa, and 'The Deltin', a five-star hotel and integrated resort in the city of Daman. The company has expanded into e-commerce with the online poker site 'Adda52' and the online rummy site 'Adda52rummy.com', which targets online poker and rummy players. 

Source - NSE

Take your investment to next level

Open a FREE* Demat and Trading account to invest in Stocks, Mutual Funds, IPOs and more

JioFinance Launches New App for Financial Services

JioFinance Launches New App for Financial Services

The full version introduces new financial services, including loans on mutual funds, home loans, and loans against, all offering competitive rates. It also allo...

Bandhan Bank Shares Surge 7% Following Key Announcements

Bandhan Bank Shares Surge 7% Following Key Announcements

The key announcements driving the 7% surge in Bandhan Bank's shares include the RBI's approval of Partha Pratim Sengupta as the new MD & CEO and the bank’s sign...

UGRO Capital Launches Public Issue of Secured, Rated, Listed, Redeemable Non-Convertible Debentures

UGRO Capital Launches Public Issue of Secured, Rated, Listed, Redeemab...

This public issue has a base size of ₹10,000 lakhs, with an option to retain oversubscription of up to ₹10,000 lakhs, aggregating to a total of ₹20,000 lakhs. T...

Featured News

Ola Electric Launches Network Partner Program to Boost EV Adoption

Ola Electric Launches Network Partner Program to Boost EV Adoption

To accelerate the adoption of electric vehicles (EVs) across India, Ola Electric has introduced its 'Network Partner Program,' designed to expand its sales and ...

Adani Total Gas Up 8% as Co Secures Largest Global Financing

Adani Total Gas Up 8% as Co Secures Largest Global Financing

The initial funding of $375 million, arranged with overseas lenders, comprises $315 million in commitments and the ability to raise more funds. Five internation...

Vodafone Idea Shares Surge by 7% Post Announcing Mega $3.6 Billion Deal with Global Network Partners

Vodafone Idea Shares Surge by 7% Post Announcing Mega $3.6 Billion Dea...

As per a stock exchange filing, VIL has renewed its long-term partnerships with Nokia and Ericsson while welcoming Samsung as a new partner. These contracts wil...

Other News Categories

Next News

Mukta Arts Shares Surge 14% Following New Agreement with Zee Entertainment

  • calendar25 Sept, 08:22 PM (GMT+5:30)
  • time2 Min
  • share

Summary

Mukta Arts Ltd. today, Wednesday, September 25, saw its shares climb 14% as a result of its announcement yesterday, September 24, that it had executed an Assignment Agreement and Term Sheet with Zee Entertainment Enterprises Limited for the assignment of satellite and media rights for 37 films of Mukta Arts. 

Mukta Arts Shares Surge 14% Following New Agreement with Zee Entertainment

Key Takeaways from the Share Surge:

  • Mukta Arts signed a deal with Zee Entertainment for the satellite and media rights for 37 Mukta Arts films. 
  •  The 25% consideration will be more than the previous deal. 
  •  This morning, 25 September, shares spiked 14% after the announcement. 

The deal starts on 25 August 2027 and grants Zee the rights to air the films for a period of time of 6 years. In this deal, Mukta Arts gets 25% consideration over its previous agreement with Zee, which is more good financial news for the company. 

This announcement has been positively received by the market, boosting investor confidence in Mukta Arts and contributing to the impressive rise in the company's stock price today.

About Zee Entertainment Enterprises Limited 

Zee Entertainment Enterprises Ltd. (ZEEL) is a leading Indian media company specialising in broadcasting satellite television channels, selling media content, and providing space-selling services for other channels. Founded in 1982 by Subhash Chandra, ZEEL is India's largest television network and a global content powerhouse, connecting over 1 billion people across multiple genres, languages, and platforms. Its diverse portfolio includes television, digital content, movies, music, and live events, making it a key player in both broadcast and digital entertainment markets.

About Mukta Arts Limited

Incorporated in 1982, Mukta Arts Ltd. is a well-established production house in the Indian entertainment industry, primarily focused on film production, distribution, and exhibition. Founded by Mr. Subhash Ghai, Mukta Arts has produced a library of over 42 films and offers production facilities to other filmmakers and independent producers. The company also operates across various entertainment segments, including education and exhibition, making it a key player in the broader spectrum of the Indian film and entertainment industry.

Source - NSE

Take your investment to next level

Open a FREE* Demat and Trading account to invest in Stocks, Mutual Funds, IPOs and more

JioFinance Launches New App for Financial Services

JioFinance Launches New App for Financial Services

The full version introduces new financial services, including loans on mutual funds, home loans, and loans against, all offering competitive rates. It also allo...

Bandhan Bank Shares Surge 7% Following Key Announcements

Bandhan Bank Shares Surge 7% Following Key Announcements

The key announcements driving the 7% surge in Bandhan Bank's shares include the RBI's approval of Partha Pratim Sengupta as the new MD & CEO and the bank’s sign...

UGRO Capital Launches Public Issue of Secured, Rated, Listed, Redeemable Non-Convertible Debentures

UGRO Capital Launches Public Issue of Secured, Rated, Listed, Redeemab...

This public issue has a base size of ₹10,000 lakhs, with an option to retain oversubscription of up to ₹10,000 lakhs, aggregating to a total of ₹20,000 lakhs. T...

Featured News

Ola Electric Launches Network Partner Program to Boost EV Adoption

Ola Electric Launches Network Partner Program to Boost EV Adoption

To accelerate the adoption of electric vehicles (EVs) across India, Ola Electric has introduced its 'Network Partner Program,' designed to expand its sales and ...

Adani Total Gas Up 8% as Co Secures Largest Global Financing

Adani Total Gas Up 8% as Co Secures Largest Global Financing

The initial funding of $375 million, arranged with overseas lenders, comprises $315 million in commitments and the ability to raise more funds. Five internation...

Vodafone Idea Shares Surge by 7% Post Announcing Mega $3.6 Billion Deal with Global Network Partners

Vodafone Idea Shares Surge by 7% Post Announcing Mega $3.6 Billion Dea...

As per a stock exchange filing, VIL has renewed its long-term partnerships with Nokia and Ericsson while welcoming Samsung as a new partner. These contracts wil...

Other News Categories