Anil Ambani-led Reliance MediaWorks Ltd (RMW) said it has completed the sale of its multiplex business to Carnival Cinemas for Rs 700 crore and will use the sale proceeds to bring down Reliance Capital’s debt. Reliance Capital is the parent…
PVR to Raise Rs 350 crore
Film exhibition firm PVR Ltd said that it has signed definitive agreements to raise Rs 350 crore from funds managed and advised by private equity player Multiples Alternate Asset Management. The private equity company will pick up 10.7 per cent…
EDS Technology Now in India
With the Anglo-American technology company Ying Group making their debut in India, the countrywill have first-of-its-kind cinematic experience with the much-awaited 3D film, Rudhramadevi. James Ashbey, along with Miles Adams, Head of Technology at the Ying Group, has been working…
Bahubali Crosses Rs 500 cr at the box office
Ace Telugu director SS Rajamouli’s blockbuster multi-lingual film Bahubali has reportedly raked in Rs 500 crore in the three weeks since its release. Sources in the film unit said the much-acclaimed movie grossed the record collection since it was released…
INOX Leisure Shares Soar Over 16% as Q1 Net Rises
Shares of multiplex operator INOX Leisure zoomed over 16 per cent as the company reported over fourfold increase in standalone net profit for the first quarter ended June 30. The stock advanced by 15.82 per cent to end at 240.50…
PVR Acquires DLF’s DT Cinemas for Rs. 500 cr
PVR has agreed to acquire the cinema exhibition business of DLF Utilities, which operates under the DT Cinemas brand.It proposes to buy DT Cinemas on a slump sale basis – where the buyer does not assign a specific value to…
Volfoni for Brighter 3D in Russia
The Russian cinema integrator Merlin and Volfoni, the 3D cinema specialist, announced that again, three more cinema exhibitors have chosen the SmartCrystal Diamond as their passive 3D system of choice. They join growing number (T) of Diamond users in Russia,…