M&A Magazine

In a move to create a monopoly in digital cinema distribution network and in-cinema advertising platform,  In November 2017 Chennai-based  Qube Cinema Technologies  and Mumbai-headquartered  UFO Moviez  announced the  merger  of their businesses.  Even after part of the scheme was approved by the Chennai NCLT bench, the scheme was rejected by the Mumbai NCLT in the last week of January 2019. We had covered this article in our January 2018 issue and details of the proposed merger are as below. UFO Moviez India Limited (UFO)  is India’s largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens. UFO operates India’s largest satellite-based, digital cinema distribution network using its UFO-M4 platform, as well as India’s largest D-Cinema network. Their offerings include Digital Cinema System, UFO Framez, Club Cinema and IMPACT Ticketing Platform. UFO Moviez is listed on BSE. Qube C...

UFO Moviez India Limited (UFO) is a public limited company incorporated on June 14, 2004. It is India’s largest digital cinema distribution network and in-cinema advertising platform in terms of number of screens. UFO operates India’s largest satellite-based, digital cinema distribution network using its UFO-M4 platform, as well as India’s largest D-Cinema network. Their offerings include Digital Cinema System, UFO Framez, Club Cinema and IMPACT Ticketing Platform. UFO Moviez is currently having a market cap of Rs 1,456 Crores on BSE. Qube Cinema Technologies Private Limited (QCTPL) is a company incorporated on 1 st January 1986. It is engaged in the business of providing technology in film, video and audio, including digital cinema distribution, editing, production and sound. Other companies involved in the scheme are: Company Business of the company Qube Digital Cinema Pvt Ltd (QDCPL), incorporated on 11 th October 2017. Providing technology in film, video and audio, incl...