Era Financial Services India Ltd., a subsidiary company of Era Group has informed that it has signed a film conducting pact with Yash Promoters & Builders Pvt. Ltd.

The agreement is for the purpose of carrying on the business of exhibiting Cinematic Films and for carrying on such associated activities in the three-screen multiplex at SM WORLD situated at Rajender Nagar Sahibabad, Ghaziabad, Uttar Pradesh.

The multiplex is fully operational and this agreement has been signed for a term of nine years w.e.f. November 1, 2008.

The stock is presently trading at Rs 18.90, down 8% compared to previous close of Rs 20.55. It touched an intraday high and low of Rs 19.65 and Rs 18.50.