Shemaroo to shutdown non-operational UK / USA subsidiaries


Shemaroo Entertainment has confirmed the closure of its two foreign wholly-owned subsidiary companies in the US and UK.

TelevisionPost reports that the two companies Shemaroo Entertainment (UK) and Shemaroo Entertainment INC, USA, will be wound down as per a regulatory filing.

It is said that the the closure of the two companies will not affect its core business and is unlikely to face any significant impact on the accounts/accounting policies.

The company’s CEO, Hiren Gada said that the company has two subsidiaries in the US – one is operational and the other non-operational – the latter will be closed down. Similarly in the UK, the company has syndication deals in place with various platforms in the market.

Keep it with for more.

Latest From Related Articles

Leave Comment

Please enter your name here
Please enter your comment!