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AZB, SAM act on UFO Moviez $2.8m buy via convertibles of Cinestaan Digital

The Board of UFO Moviez India at its meeting held on 20 December 2019 has approved an investment of Rs 20 crore by way of convertible instruments over a period of three years in Cinestaan Digital. Post conversion of instruments, the company will get up to 62.50% stake in Cinestaan Digital.

Business Standard

AZB & Partners advised UFO Moviez India Limited led by a team of partner Vaidhyanadhan Iyer, and senior associate Vasudha Asher.

Update 14 January 2020: Shardul Amarchand Mangaldas advised Cinestaan Digital Private Limited led by a team including partner Amit Khansaheb, partner Rishi Jain and senior associate Ayush Sharma.


Deal value: INR 20 crores / appx. USD 2.8 million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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