Filmmaker Subhash Ghai's Mukta Arts Ltd has clarified before the Bombay Stock Exchange that it has not yet entered into any agreement with any of the channels regarding the sale of television rights for its movie library.

Mukta said it has been in discussions for over a year with Zee Telefilms, Sony Entertainment Television and the Star TV Network but was still to reach a deal. It made the clarification in response to an article in a leading financial daily titled "Library selloff buzz steps up Mukta Arts".