Incorporated in 1986, Cinerad Communications Ltd is engaged in the production of advertising and promotional films, documentaries and short feature films.
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Company was not profitable for many years and now a reverse merger opportunity comes knocking
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What has happened afterwards
1.Company old promoters selling their shares to new promoters
2.Company issues 1.4 crore new shares ( Old shares 52 Lack ). Now total shares 1.91 Crores
3. Company acquires majority shares of ITARIUM TECHNOLOGIES INDIA PRIVATELIMITED, Global Talent Track Pvt. Ltd and going to buy two more companies from slump sale which are
O2 BREATHING BRAINS PRIVATE LIMITED
Ujjvilas Technologies & Software Private Limited
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New Promoter details
|Promoter details | Company Associated |
Companies Which will be merged here
Current market cap : 119 Crores
Share price : 62.5 Rs
Total shraes : 1.91 Crore
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The good thing here is Ganesh Natarajan is Former CEO of Zensar technologies.
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