Mukta Arts arm signs MoU

Mukta A2 Cinemas, a wholly-owned subsidiary of Mukta Arts, has signed an MoU for taking over the operations of two-screen Sun City Multiplex, Vile Parle (East), Mumbai. The multiplex has around 600 seats.

Sun City is a running multiplex in a prime location. Mukta A2 Cinemas has started renovation of one of its screens and expects to complete it before the theatrical release of Race-3 in June. Thereafter, the second screen will also be renovated. Shares of Mukta Arts jumped 5.8 per cent at Rs61.80 on the NSE.