Cinemax India, a multiplex chain operator, is considering a proposal where it may demerge the theatre exhibition business of the company. The board will meet on September 30, 2011 to consider, discuss and transact the business.
Recently, the company had launched five screen multiplex at ‘Cinemax- Infiniti 2 Mall in Malad’ in Mumbai. The Multiplex is having a capacity of 824 seats including 40 recliner seats.
Cinemax India is among the largest exhibition theatre chains in India and is engaged in business of building, owning, and operating multiplexes, theatres and entertainment centres.
