Sahara One Media & Entertainment announced that the company has entered into a Memorandum of Understanding (MOU) with Trilogic Digital Media.

The above MOU is for purchase of content from the company and to appoint the company as sole entity to seek, appoint and engage production houses for producing programme contents.

The entering of the aforesaid MOU was also approved by the board of directors of the company at their meeting held on May 21, 2014.

Shares of the company declined Rs 3.8, or 3.63%, to trade at Rs 101. The total volume of shares traded was 290 at the BSE (12.04 p.m., Friday).