Adlabs Films board to recommend dividend
Adlabs Films board to recommend dividend
A meeting of the board of directors (BoD) of Adlabs Films will be held on Sep. 13, 2007, to approve the audited accounts for the fifteen month financial period ended Jun. 30,2007.
The board also decided to recommend dividend on equity shares for the financial period ended Jun. 30, 2007.
Adlabs Films, founded by Vasanji Mamania and Monmohan Shetty, is a motion picture processing laboratory engaged in the production, processing, distribution and exhibition of films. Anil Ambani`s Reliance Group holds 51% stake. Adlabs Films`production business is chiefly through its 100% subsidiary - Entertainment One India. Post production services like editing, special effects, computer graphics, etc are through Prime Focus, where Adlabs holds 6% stake.
Adlabs also has 50-50 JV with Mukta Arts for digital distribution.
Shares of the company were last trading down Rs 5.35, or 1.13%, to Rs 467. The total volume of shares traded were 25,056 at the BSE.(12.03 pm,Wednesday).
