JMD Telefilms To Foray Into Mobile Handset Business

JMD Telefilms Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 21, 2011 decided to enter in the mobile handset and devices industry. To continue with the expansion plans and diversifying the JMD business, the board has decided to enter the business of distribution, trading and retailing of mobile devices (including mobile phones, mobile devices like tablet PCs and also mobile accessories). The company plans to open its first retail store in Kolkatta; and will further launch the same across all India focused in Tier II and Tier III cities, according to reports.

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