KSS plans to divest 26% stake in K Sera Sera Miniplex | Mint
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Business News/ Companies / KSS plans to divest 26% stake in K Sera Sera Miniplex
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KSS plans to divest 26% stake in K Sera Sera Miniplex

The total valuation stands at around `200 crore, the company said

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.Premium
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.

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.

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Published: 25 Jul 2014, 05:09 PM IST
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