Reliance MediaWorks (RMW), a part of Reliance Group, has completed the transaction for sale of its multiplexes business to Carnival Cinemas, in the largest ever deal in the sector in India.
The entire sales proceeds for sale of multiplex business have been duly received by RMW from Carnival Cinemas, and will be used to reduce Reliance Capital's leverage by around Rs 700 crore, through a combination of transfer of debt of RMW and infusion of cash proceeds.
Reliance MediaWorks has a leading and comprehensive presence in Film and Media Services: Motion Picture Processing and DI; Film, Audio Restoration and Image Enhancement; 3D; Digital Mastering: Studios and Equipment rentals; Visual Effects; Animation; Broadcast and TVC Post Production with presence across India, USA and the UK.
| Company Name | CMP |
|---|---|
| PVR | 948.75 |
| Saregama India | 330.50 |
| Shemaroo Entertain. | 101.11 |
| Balaji Telefilms | 92.87 |
| UFO Moviez | 70.28 |
| View more.. | |
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