Mukta A2 Multiplex SPC, Bahrain receives funding from investor

Mukta A2 Multiplex S.P.C. (Bahrain) is the Wholly Owned Subsidiary of Mukta Arts Ltd and in operations since year 2016. The Company is operating a Six Screen Multiplex at Juffair Mall, Bahrain. Now, the Company is aiming to expand its activities and now completing Fit-Outs at 10 Screen Property at Dana Mall, Bahrain on Project Consultancy basis and shall also be operating the same after the same is operational.

The Bahrain Subsidiary is also looking for expanding its activities in Saudi Arabia where the Kingdom has now started permitting Cinema Theatres to operate. In order to meet the cash flow requirement for the same, the Company has obtained equity funding from well-known Indian Film Distributor Company, A. A. Films Pvt. Ltd. Accordingly, the status of Bahrain Company will be changed from Wholly Owned Subsidiary to Partly Owned Subsidiary. Both Mukta Arts Limited and A. A. Films Private Limited have agreed to bring in further capital funding if needed.

Shares of MUKTA ARTS LTD. was last trading in BSE at Rs.28 as compared to the previous close of Rs. 28. The total number of shares traded during the day was 837 in over 7 trades.

The stock hit an intraday high of Rs. 28.2 and intraday low of 28. The net turnover during the day was Rs. 23475.

Source : Equity Bulls

Keywords