Carnegie buys shares worth $197,665 in UMP


    MUMBAI: United Motion Pictures (UMP Plc) director Andrew Carnegie purchased 90,288 ordinary shares of the company at an average price of $2.189. The total consideration adds up to $197,665.

    Following this purchase, Carnegie holds 90,288 ordinary shares in the company, representing 0.09 per cent of the total voting rights of the company.

    Carnegie started his career in corporate finance with S.G. Warburg & Co. Ltd. He moved to Rupert Murdoch’s News Corporation Ltd where he was head of business development of British Sky Broadcasting plc. He then became director of News Television Ltd and was involved in multiple deals for acquisition of media businesses around the world including News Corp’s acquisition of a stake in Zee TV of India and its investment in Siticable Network Limited.

    He was also instrumental in setting up Star TV’s operations in India in his role as country head for the business in India.