Mukta Arts announced that it has disposed of its investment held in Maya Digital Studio to Cosmos Entertainment Pte. Ltd for a total amount of Rs 6,13,04,380.
The company has sold its investment of 30,65,219 equity shares in Maya Digital constituting to 12.34% of its share capital at an agreed price of Rs 20 per share to Cosmos Entertainment.
Mukta Arts had acquired the company at a cost of Rs 1,83,92,188.
Meanwhile, the stock was trading lower by 1.19% at Rs 91 per share on BSE at 1144 hours. It opened at Rs 94 per share. It touched its intraday high and low at Rs 94 and Rs 90 per share, respectively.
It attracted a total traded volume of 75,056 shares and traded value of Rs 68.98 lakh on NSE at 1146 hours. Its 52-week high stood Rs 132.50 and low stood at Rs 61.95, respectively.
Benchmark indices, Sensex was trading higher by 90.95 points at 31,349 levels and Nifty was trading up by 36 points at 9,790 levels.Source: Indiainfoline.com