GV Films Share Price Surges by 10%:
📈🎥 Investors witnessed a historic surge in the stock market once again as they purchased shares of GV Films Limited, a film production and distribution company, on Thursday. The share price saw a 10% upper circuit, closing at 0.89 rupees compared to the previous close of 0.81 rupees. Back on February 12, 2024, the share price was at ₹1.20, marking a 52-week high for the stock. In contrast, on August 3, 2023, the share price was at 0.40p, marking a 52-week low. The company has 100% public shareholding.
GV Films Signs Agreement with Onkar Films and Raj Television:
🤝🎞️ GV Films Limited announced that they have signed a Memorandum of Understanding (MOU) with Onkar Films and Raj Television. The agreement aims to source, restore, and compile a significant library of 5,710 feature films in Tamil, Hindi, and Telugu languages, for which GV Films holds special digital rights. With an investment of over 50 crore rupees, the goal is to upgrade these digital rights into contemporary OTT standards. Once completed, the digital library will be available for publication on GV’s end-to-end OTT/IPTV platform or outsourced/licensed to an established OTT platform.
GV Films Issues 95 Crore Shares at ₹1 Each:
💰📊 Additionally, the company has issued 95,00,00,000 shares priced at ₹1 each. The company’s plan is to raise funds through this means. In a regulatory filing, the board of directors made this decision during a meeting held on July 31, 2024.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
