Unistar Multimedia Ltd signs MOU with Government of Uttarakhand

Unistar Multimedia Limited has signed a Memorandum of Understanding (MOU) with Government of Uttarakhand at Dehradun on November 01, 2023 to set up a project of Next Generation Technologies, Division Unit for big data, Artificial Intelligence, Block Chain and Data Center with an investment of Rs. 50 crores. The said project is expected to commence by January 20, 2024. This will expand the company portfolio and will also help to expand to new segment markets with incremental volumes and enable the company to achieve higher revenue and profitability.

Government of Uttarakhand would facilitate our Company to obtain all necessary approvals / clearances for commencement of the project. This MOU will remain valid for a period of 12 months.

Shares of UNISTAR MULTIMEDIA LTD. was last trading in BSE at Rs. 14.80 as compared to the previous close of Rs. 14.25. The total number of shares traded during the day was 205524 in over 154 trades.

The stock hit an intraday high of Rs. 15.28 and intraday low of 13.80. The net turnover during the day was Rs. 2931223.00.

Source : Equity Bulls

Keywords

UNISTARMULTIMEDIA INE808C01014 MOU UttarakhandGovernment