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Subhash Ghai’s Mukta Arts to transfer cinema biz to new arm

Subhash Ghai’s production house Mukta Arts plans to transfer its entire business of cinema division to its wholly-owned subsidiary Mukta A2 Cinemas. The company will hold a board meeting on September 29 to consider and get approval for slump sale through a business transfer agreement, Mukta Arts informed BSE. 
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