Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » India
1-min read

Inox in talks to buy Satyam Cineplexes

According to the sources, Inox is in talks with Satyam Cineplexes to acquire its movie exhibition business.

Press Trust Of India

Updated:June 30, 2014, 4:34 PM IST
facebookTwitterskypewhatsapp
Inox in talks to buy Satyam Cineplexes
According to the sources, Inox is in talks with Satyam Cineplexes to acquire its movie exhibition business.
Loading...

New Delhi: Multiplex operator Inox Leisure is in talks with Satyam Cineplexes to buy the Gurgaon-based rival, a move which would expand its foothold further in the film exhibition market in the northern region.

According to the sources, Inox is in talks with Satyam Cineplexes to acquire its movie exhibition business.

"We are in talks with Satyam Cineplexes to acquire it. It is still at very early stages," the source said.

The source, however, declined to share any information related to the price, funding process and the time for completion of the deal if once finalised.

If the deal is through, it would strengthen Inox's presence in the northern region, which is dominated by Ajai Bijli-led PVR.

INOX has presence in 44 cities and operates 80 multiplexes with 313 screens. It is expanding at smaller places such as Jammu, Mangalore etc.

Meanwhile, Satyam Cineplexes operates 38 screens in 6 cities with 9 multiplexes.

It has presence in northern region at places such as New Delhi, Rohtak, Amrtisar, Jaipur, Indore. It has also presence at Mysore and Aurangabad.

In May 2013, Inox had merged Fame India, a multiplex cinema theatre firm, with the company after acquiring controlling stake in 2011.

Similarly, in 2007, Calcutta Cinema Private Ltd (CCPL) a West Bengal-based multiplex theatre firm was merged with INOX.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results