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MoneyWorks4Me

SRS group plans to sell its multiplex business

06 Jan 2017 Evaluate

SRS group is planning to sell its multiplex business to pare debt. The company has appointed SBI Capital to sell off the asset. SRS Multiplex, which operates under the SRS Cinemas brand, is a mid-size chain operating in tier-II and III cities in the Delhi-NCR region and northern India.

SRS Group, which has diversified interests in sectors including jewellery, commodities, retail, hospitality, financial services, real estate, education and healthcare, has seen a major slump in its core business.

Peers
Company Name CMP
Avenue Supermarts 3440.00
Trent 3160.00
Vishal Mega Mart 96.00
PN Gadgil Jewellers 622.70
Aditya Birla Life 78.28
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