Era E-Zone India has informed that the company has inked a memorandum of understanding (MoU) with Angel Buildcon.

The proposed MoU has been signed for carrying on the business of exhibiting cinematic films in the four screen multiplex at Angel Mega Mall positioned at Kaushambi, Ghaziabad, Uttar Pradesh.

The source close to the company has revealed that the multiplex is likely to be functional by March, 2009.  

This MoU is valid for a duration of 15 years from the date of exhibition of first film in the multiplex.       

Era E-Zone India, formerly known as Era Financial Services India, participates in hire purchase, leasing, financing services, arranging inter corporate deposits and loans for clients, and undertakes fee-based lease syndication activities.

Stock of Era E-Zone India closed at Rs 54 on Bombay Stock Exchange. The total volume of shares traded was 330 at the BSE.