ThinkInk Picturez expands footprint with new acquisition
In addition to its strategic expansion and contract acquisition, Thinkink Picturez Ltd recently declared a dividend of Rs 3 per share.
ThinkInk Picturez is expanding its horizon with a new acquisition. The company has informed exchanges that it has acquired a new entity in Dubai, named "Think Star Entertainment Technology LLC," which will operate as a wholly-owned subsidiary.
"Think Star Entertainment Technology LLC will specialize in a broad spectrum of services, including VFX creation, content production on contract, studio and equipment renting services. This expansion not only strengthens our capabilities in the burgeoning field of visual effects but also positions us as a versatile content creator catering to a global audience," the company said in a release.
The company also said that it will be diving into the Korean Drama genre through its Dubai-based subsidiary. According to the company, the acquisition comes at a time when the global popularity of Korean dramas is soaring.
Meanwhile, the company registered a revenue increase of 145.99 per cent and a profit rise of 46.58 per cent to Rs 4.45 Crores YoY.
In addition to its strategic expansion and contract acquisition, Thinkink Picturez Ltd recently declared a dividend of Rs 3 per share.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
GAIL share price target: Should you buy, sell or hold GAIL shares? Here's what brokerages make of PSU's Q4 results
Top 7 SIP Mutual Funds in 1 Year: What Rs 10,000, Rs 15,000, and Rs 20,000 SIPs have given in each fund
Special Live Trading Session on Saturday: Know why BSE, NSE will remain open on May 18; check timings
If you make RDs of Rs 5,000, Rs 10,000, Rs 15,000, and Rs 20,000 in post office, what will be your maturity amount?
Atal Pension Yojana EPFO National Pension System SWP Retirement Planning schemes provide pension every month
Gold and Silver rate today (May 16, 2024): Yellow metal futures subdued; white metal hits record high breaches Rs 87,000 mark
08:38 PM IST