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Cinemax India has received an in-principle approval for the proposed amalgamation of the company with PVR, the ultimate holding company. The board of directors at its meeting held on June 07, 2013 has approved for the same. The board has appointed AXIS Capital, a Category-I Merchant Banker for providing fairness opinion report.

The board appointed Haribhakti & Company and SSPA & Company, as joint valuers for valuation of PVR and Cinemax India for determining the swap ratio for the proposed amalgamation. Further, the board also approved formation of a committee to authorize its officials to take all necessary steps from time to time regarding the proposed amalgamation as aforesaid.

Cinemax India operates one of the largest exhibition theatre chains in India with 39 properties, 138 screens and 33,522 seats. It is the largest multiplex chain in the Mumbai region. Cinemax runs ‘Red Lounge’ at Bandra, Versova and Thane.

Peers
Company Name CMP
PVR 935.75
Saregama India 330.05
Shemaroo Entertain. 99.09
Balaji Telefilms 98.40
UFO Moviez 69.64
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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