Comments
The public offer by UFO Moviez, which closed on Thursday, was subscribed twice compared to the shares on offer. The ₹600-crore issue was subscribed over four times by qualified institutional buyers while the segments reserved for high networth individuals and retail investors were just about fully subscribed. UFO Moviez operates India’s largest digital cinema distribution network and in-cinema advertising platform (in terms of number of screens) as of October 2014, according to ratings and research agency Crisil. Axis Capital and Citigroup Global Markets India Pvt Ltd are the book running lead managers to the issue.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.