Colorchips New Media Limited was formerly incorporated on May 10, 1985 with the name as 'Millitoons Entertainment Limited'. The Company name got changed from Millitoons Entertainment Limited to Colorchips New Media Limited on August 28, 2018.
The Company is engaged in production of films, domestic productions in the space of theatrical, web, TV and launching channels on new technologies. The Company already owns Digital Channels. The Company has rich resources of IPR's.
During the year under review 2017, the Company incorporated a Wholly Owned Subsidiary in the name and style 'MIENT Hospitality LLC', Utah, USA on December 19, 2016 with the object of carrying the business of acquiring & running hotels and related businesses in line with the diversification plans of the parent company.
During the year 2018, the Company acquired the entire business of Vega Music Private Limited to give a boost to its existing business operations on the digital media front. The acquisition includes about 300 audio titles over ten digital channels, which include popular channels such as Vega Music, Devotional, Vega Kannada songs, Vega Tamil etc.
During the year under review 2018, the Company's Wholly Owned Subsidiary MIENT Hospitality LLC, acquired 100% stake in Kirksville Hospitality, INC in USA by virtue of which Kirksville Hospitality, Inc becomes step down subsidiary of the Company. The contribution of the said subsidiary has been accordingly taken for the purpose of consolidati ...on. Subsequently, due to non-fulfillment of certain clauses by seller under acquisition agreement Kirksville Hospitality, INC USA ceased to be a wholly owned subsidiary company of the Company's wholly owned subsidiary MIENT Hospitality LLC, USA w.e.f February 12, 2018.
During the year under review, the Company's Wholly Owned Subsidiary also acquired 20% stake in J&K Hotels, LLC an Indiana Limited Company in USA. Subsequently, due to non-fulfillment of certain clauses by seller under acquisition agreement J&K Hotels, LLC USA ceased to be associate Company of the Company's wholly owned subsidiary MIENT Hospitality LLC, USA w.e.f July 13, 2018. Hence, Kirksville Hospitality, INC USA ceased to be a Subsidiary Company of the Company's wholly owned subsidiary MIENT Hospitality LLC, USA during the financial year 2017-2018 and J&K Hotels, LLC an Indiana Limited Company in USA also ceased to be associate Company of the Company's wholly owned subsidiary MIENT Hospitality LLC, USA .
During the Financial Year 2018-19, MIENT Hospitality LLC, USA, ceased to be the subsidiary of the Company on 20th March 2019.
FAQs on Colorchips New Media Ltd
1. Can I buy Colorchips New Media Ltd from PL Capital? ›
Yes, you can invest in Colorchips New Media Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Colorchips New Media Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Colorchips New Media Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Colorchips New Media Ltd pay dividends? ›
Colorchips New Media Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Colorchips New Media Ltd ? ›
As of
04-Feb-2026 , 14:08:14 the share price for Colorchips New Media Ltd. is ₹ 12.67 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Colorchips New Media Ltd ? ›
The 52-week high and low of Colorchips New Media Ltd share price is ₹ 12.2 - ₹ 32.44 as of
04-Feb-2026 , 14:08:14 .
