Cinemax India

Cinemax looking for partners to fuel growth

Cinemax-IndiaCinemax India Ltd., the chain of multiplexes is now looking for partners for fueling its growth. Private equity is the specific area where it is seeking for investors.

It expects to raise Rs. 150 crore and the corpus will be used for aggressive growth plans and consolidation.

Cinemax is a Mumbai-based firm which has 94 screens in major cities. A person familiar with the development said that it wants to expand across India.

Cinemax India rolls out Three Screens Multiplex in Uttar Pradesh

Cinemax India Ltd has revealed that it is introducing its Three Screens Multiplex in Uttar Pradesh. With sitting capacity of 999 people, the new multiplex will come at Cinemax - South X Mall located at Kidwai Nagar, Kanpur, Uttar Pradesh.

In order to entice customers, the multiplex will provide a personalized cafe facility while enjoying the favorite film.

The company will kick off its Multiplexes with screening of block buster flicks "Jail" and "Ajab Prem Ki Gazab Kahani".

With the introduction of Three Screens Multiplex, the conglomerate is now having total 27 theater properties including 86 screens with a total sitting capacity of 23565.

Cinemax India Limited

Cinemax IndiaStock analyst Rajat K Bose has strongly recommended ‘Cinemax India’ for intraday trading on Tuesday (27 Nov).

Investors wish to earn profit from this stock, can buy it on declines with a stop loss below Rs 121.50 for target of Rs 133.

Mr. Rajat also told that investors should not hold this stock for medium or long term as it is very risky to keep it for future. Buy it, make decent profit and sell it. This is the real mantra for this stock. Don’t buy it on upper levels.

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