UTV Software Communications
in Mumbai, IndiaCategory: Attraction
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8, Guru Hargovindji Rd, Mota Nagar, Andheri East, Mumbai, Maharashtra 400053, India Print route »
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UTV Software Communications Ltd. (abbreviated as UTV) is an Indian mass media conglomerate owned by The Walt Disney Company India. UTV was incorporated as United Television Software Communications Pvt. Ltd. on 22 June 1990 by Ronnie Screwvala and Zarina Screwvala.
The company later became public, on 27 November 1995, and was renamed to UTV Software Communications Ltd. effective 19 March 1998. UTV was listed on the Bombay Stock Exchange and the Indian National Stock Exchange, and its motion picture division, UTV Motion Pictures Plc was listed on the London Stock Exchange's Alternative Investment Market (AIM).
On August 2006, The Walt Disney Company acquired a 14.85 percent stake in UTV. This was subsequently hiked to 32.1 percent in 2008, the same level as UTV's founders Ronnie Screwvala and Zarina Screwvala. The remaining shares were publicly traded. Disney eventually increased its ownership in UTV to 100% in 2012, making UTV Communications Software a wholly owned subsidiary.
