Cineline India has informed that the Board of Directors of the Company, at its meeting held today i.e., 22nd December, 2021 through video conferencing, reviewed the operations of the Company and held deliberations on the forthcoming expiration of the license period on 31st March, 2022 of the leave and license agreements executed between the Company and PVR. In light of upcoming expiration of License Period, the Board discussed on various business and growth opportunities available to the Company. Considering the fact that as the exhibition business is returning to normalcy, post relaxation of lockdown restrictions and with patrons returning to theaters, the Board of Directors of the Company at their meeting considered and approved that the Company shall itself re-enter the exhibition business through its owned theater properties. Further, going forward the Company shall also acquire additional properties on lease basis for further growth and expansion.
The above information is a part of company’s filings submitted to BSE.
| Company Name | CMP |
|---|---|
| PVR | 938.05 |
| Saregama India | 344.55 |
| Shemaroo Entertain. | 105.35 |
| Balaji Telefilms | 94.39 |
| UFO Moviez | 72.06 |
| View more.. | |
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