Cinemax India is currently trading at Rs 174.00, up by 1.65 points or 0.96% from its previous closing of Rs. 172.35 on the BSE.
The scrip opened at Rs 174.05 and has touched a new high of Rs 176.50 and low of Rs 63.75 respectively. So far 212000 shares were traded on the counter.
The BSE group ‘B’ stocks of face value Rs 5 has touched a 52 week high of Rs 176.50 on 27-Nov-12 and a 52 week low of Rs 55.05 on 18-Oct-12.
Last one week high and low of the scrip stood at Rs 176.50 and Rs 137.80 respectively. The current market cap of the company is Rs 487 crore.
The promoters holding in the company stood at 69.27% while Institutions and Non-Institutions held 1.51% and 29.22% respectively.
Cinemax India’s promoters are in exclusive discussions with PVR for a potential sale of their shares in the Company. However, no definitive agreements have been entered into in this respect. The promoters hold 69.27% in Cinemax India.
The deal, which is expected to close next week, will be executed in two stages. Firstly, PVR will buy out Cinemax's promoters, Rashesh Kanakia and his family, followed by an open offer for another 26%, as mentioned in few media reports.
Cinemax India operates one of the largest exhibition theatre chains in India with 36 properties with 123 screens. It is the largest multiplex chain in the Mumbai region. Cinemax runs ‘Red Lounge’ at Bandra, Versova and Thane.
| Company Name | CMP |
|---|---|
| PVR | 950.80 |
| Saregama India | 343.60 |
| Shemaroo Entertain. | 106.11 |
| Balaji Telefilms | 95.26 |
| UFO Moviez | 71.53 |
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