Sunday, December 15, 2024

40% rally in one week. Why is Subhash Ghai-owned Mukta Arts shares skyrocketing?

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Stock Market today: MUKTA ARTS LTD Share price gained more than 15% on Thursday.  Mukta Arts share price has risen almost 40% in last five trading sessions 

The Mukta Arts share price has been rising as Mukta Arts and Zee Entertainment have signed to a 6-Year Agreement for 37 Films.

As per the Mukta Arts release on the exchanges dated 24th September, 2024, Mukta Arts informed that Assignment Agreement and Term Sheet has been executed between the Company and Zee Entertainment Enterprises Limited (“Zee”) for Assignment of Satellite and Media Rights of 37 Films of the Company for a limited period of 6 years commencing from 25th August, 2027 for a total consideration of 25% more as compared to previous Agreement and as per the terms and conditions entered between the Company and Zee





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