KSS plans to divest 26% stake in K Sera Sera Miniplex

Media and entertainment company KSS Ltd on Friday said it was planning to divest stake in subsidiary K Sera Sera Miniplex Ltd by way of ‘offer for sale’, a mechanism for the promoters of a company to sell their holding.

“The company intends to dilute approximately 26% of its stake at a total valuation of around ₹ 200 crore,” the company said in a statement on BSE.

The valuation was decided in a board meeting held on 25 July 2014, the statement added.

At 1.30pm, shares of KSS were trading flat at ₹ 15 apiece, while the benchmark index Sensex was down 0.84% at 26,050.41 points.