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| Exchange Disseminated Time | With reference to the news article appeared in Hindustan Times as on August 10, 2015 captioned "Foxconn likely to pick up stake in Mukta Arts", Mukta Arts Ltd has Clarified to BSE as under:
"Whistling Woods International Limited, a subsidiary of Mukta Arts Limited has signed an agreement with Foxconn Technology Group on Saturday in presence of the Hon’ble Chief Minister of Maharashtra for setting up a Media Lab at Whistling Woods International Limited wherein Foxconn Technology Group will supply the equipment to Whistling Woods Institute at Goregaon. The Agreement also confirms that Foxconn and Whistling Woods International Shall be working together to create high quality content hub at Whistling Woods in Film City, Mumbai.
It was further discussed by both parties that content may be produced jointly by Mukta Arts Limited and Foxconn by using the talent coming out of Whistling Woods Institute. However, the talks are at preliminary stage and no details for the same are finalised so far." |
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