Ajel Ltd signs in-principle LoI to acquire Zineeverse Motion Pictures' business via share swap; consideration not disclosed

Mon 5 Oct 2026

Target

M/s Zineeverse Motion Pictures Private Limited (Hyderabad) - media content production and distribution, digital streaming services and…

Object

Acquire the Business of the target against issue of its own equity shares by way of share swap

Consideration

Share swap - issue of Ajel Ltd equity shares as per mutually decided terms and conditions

Deal Status

In-principle Letter of Intent; non-binding, subject to due diligence, definitive agreements, board/shareholder and regulatory approvals

Quantum Not Stated

Quantum of shares or amount not stated in the update; price and share count not yet decided

Ajel Ltd signs in-principle LoI to acquire Zineeverse Motion Pictures' business via share swap; consideration not disclosed.

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