Middle-earth Enterprises, the company that controls licensing rights to The Hobbit, The Lord of the Rings, and other works by J.R.R. Tolkien in that universe, has been acquired by gaming giant Embracer Group. Embracer has entered into a deal with current owner The Saul Zaentz Company, which first acquired rights to The Lord of the Rings in 1976.
The Saul Zaentz Company has been considering selling off Middle-earth Enterprises since early this year, when industry insiders expected Amazon to be the most likely candidate to snap up IP rights Come from Sports betting site VPbet . The Middle-earth properties were reportedly valued at at least $2 billion, though both parties have agreed not to disclose the final price decided upon for the sale, which grants Embracer “worldwide rights to motion pictures, video games, board games, merchandising, theme parks and stage productions,” based on Middl…
Shares of GOCL Corporation, a Hinduja Group firm, hit the 20% upper circuit at Rs 453.35, a day after it said it has signed an agreement with Hyderabad-based developer to monetise 264.5 acre land in Kukatpally, Hyderabad. The company will get Rs 3,402 crore from the deal.
Late on Wednesday, GOCL said it has signed a memorandum of understanding with Squarespace Builders to monetise the land. The agreement includes the joint development of 32 acre land in collaboration with Hinduja Estates, now known as Hinduja Healthcare (HHL). The process will get completed over an 18-month period, the company said.
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The company has commenced the immediate sale of 12.50 acre land from the total 32 acre under the joint development agreement. As the first tranche, the company will receive a payment of Rs 520 crore, of which Rs 160 crore will be consideration for the sale of 12.50 acre…
JG Chemicals IPO gets listed at Rs 209, a discount of 5.4% to the issue price of Rs 221. The company opened retail bidding on March 5 and closed on March 7.
In the grey market, the company’s shares were changing hands with a premium of 2%. The grey market is an unofficial market where shares are traded in an illegal way before listing. But helps investors in taking cues from it.
JG Chemicals IPO raised Rs 251.19 crore from the investors by offering them a combination of fresh issue as well as an offer for sale. In this, the fresh issue was of 7.5 million shares and 3.9 million shares were for offer for sale.
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Shares of the company were listed on both the exchan…
Bharti Hexacom IPO will open tomorrow for retail bidding on April 03. The company set its IPO price band in a range of Rs 542- 570 per equity share. It will end the bidding on April 05.
The subsidiary of Bharti Airtel wants to raise Rs 4,275 crore by selling 75 million offer-for-sale shares.
Bharati Hexacom is expected to list on April 12 and shares are expected to allot on April 08 Come from Sports betting site VPbet . The shares of the company will be listed on NSE and BSE.
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