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CARNIVAL CINEMAS DEBT
CFM ARC wins bid for defunct Carnival CinemasThis follows CFM offering ₹78 crore to take over Carnival's ₹1,290 crore debt from rival JC Flowers ARC, which did not get any challenging ...
JC Flowers ARC gets two bids for Rs 3,903 crore of bad loansJC Flowers Asset Reconstruction Company received bids for two bad loan blocks totaling ₹3,900 crore. CFM ARC bid ₹78 crore for Carnival Cin...
Carnival Cinemas now an NPA, YES Bank to recast Rs 800 crore loan"YES Bank is the sole lender to Carnival Cinemas, they have not been able to service the debt and the bank has now decided to take the matt...
A sad twist in the tale: Carnival cinemas unable to pay creditorsThey estimate the chain’s current debt at upwards of Rs 700 crore, which the company is finding difficult to service, even as some frustrat...
ADAG firm raises Rs 1,400 crore via listing of UK gaming unit on LSE's AIMThe IPO was significantly oversubscribed and attracted bids from leading institutional investors.
Subhash Ghai's multiplex arm Mukta A2 Cinemas on expansion mode, plans 100 screensMukta A2 Cinemas to invest 30 crore, which will be raised from internal debt, says MD Rahul Puri.
Multiplex operator Inox Leisure plans to invest Rs 200 croreThe total capital expenditure that we intend to incur on this pipeline at least for 2016-17 is roughly Rs 200 crore, which would be funded ...
Carnival Cinema plans to add 700 screens by March 2018Carnival which has largely followed the acquisition model to scale its business is now looking at the organic route to add screens.
Carnival Cinemas planning to add more screens and surpass PVR, INOX LeisureCarnival currently operates 324 screens across 118 properties in 88 cities and has set a goal of 1,000 screens by 2018.
Carnival buys Leela Infopark in Thiruvananthapuram for Rs 142 croreCarnival Group acquired Leela Infopark through share buyout of Aushim Soft, a co-developer of Technopark and part of the Leela Group.
Reliance Capital to reduce debt equity ratio to 1.75:1The company is focusing purely on its core financial services businesses, significantly reducing exposure to non-core investments in the me...
Reliance MediaWorks concludes multiplex sale, debt cut by Rs 700 croreThe group said the deal was the largest in for the sector in India, adding that talks were also on for another potential deal worth around ...
DLF signs definitive agreements to sell DT Cinemas to PVR for Rs 500 crore“This acquisition is in pursuance of our core strategy to offer a world-class cinema experience to the discerning Indian consumer,” said Bi...
PVR set to acquire DLF's DT CinemasThis would be PVR’s second attempt to acquire DT Cinemas after 2009, when it entered into definitive agreement with the DLF Group.
Reliance MediaWorks-Carnival Films deal gets CCI clearanceThe proposed transaction will reduce R-Capital's overall debt by Rs 700 cr & is part of Reliance Capital's strategy to exit minority invest...
From agri-trading to a multiplex challenger: The Carnival has just begun for Shrikant BhasiShrikant Bhasi closed 2014 as the fastest growing multiplex mogul and his flagship Carnival Group already the third largest in the industry...
Blockbuster deal in multiplex space: Carnival acquires Anil Ambani's Big Cinemas for Rs 710 croreEnding months of negotiations, Carnival – backed by a Mumbai based agro trading company – on Monday said it will acquire Ambani’s Big Cinem...
Anil Ambani's Reliance Group sells multiplex unit to CarnivalAnil Ambani-led Reliance Group has sold its multiplex business to South-India based Carnival Group in the largest ever deal in this space.
Anil Ambani may sell 80% stake in Big Cinemas to Carnival Films for Rs 725 croreCarnival, which earlier had a target of reaching 300 screens nationwide has significantly scaled up its expansion plans and now is targetin...
Leela Group sells Kochi IT Park to Carnival Group for Rs 280 croreEarlier this month, a consortium of its 14 lenders, sold loans worth around Rs 3,880 crore to JM Financial Asset Reconstruction Company.