Home Entertainment Shemaroo Entertainment shares rally 5%; firm will get I&B Ministry’s nod to uplink and downlink TV channels

Shemaroo Entertainment shares rally 5%; firm will get I&B Ministry’s nod to uplink and downlink TV channels

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Shemaroo Entertainment shares rally 5%; firm will get I&B Ministry’s nod to uplink and downlink TV channels

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Shares of Shemaroo Entertainment settled 4.99 p.c larger in commerce at this time as the corporate obtained an approval from the Ministry of Information and Broadcasting to uplink and downlink tv channels.

Leading Indian content material energy home Shemaroo Entertainment on Wednesday mentioned it has obtained an approval from the Ministry of Information and Broadcasting to uplink and downlink tv channels.

Stock exchanges are hereby informed that pursuant to application of permission to uplink and downlink TV Channels by the Company, Ministry of Information & Broadcasting has granted permission for the same as on August 01, 2023, subject to fulfillment of terms within prescribed timelines,” the corporate mentioned.

Shares of Shemaroo Entertainment Ltd settled 4.99 p.c larger at Rs 150.30 apiece in commerce at this time. The inventory tumbled 12.39 p.c to this point this 12 months, whereas it gained 31.38 p.c within the final one 12 months.

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