Ad Here  
Tata Steel, ThyssenKrupp sign MoU to merge European units Ponni Sugars (Erode) Ltd: not so sweet 2012-13 TN government keen on revival of operations at Nokia complex When small is not so beautiful… Gamesa to set up a plant in Nellore 29 per cent jump in TCS revenues He excels in the nuts and bolts of entrepreneurship Yamaha unveils scooter boutique Sundram Fasteners rejigs international Hindalco – re-rating Back in growth mode AL wins Deming prize again Solar installations exceed 2015 capacity in five months L & T set bigger ambitions in defence business Mercedes-Benz sales continue to zoom V-Guard launches app-enabled water heater system Are they really independent? Kone India eyes further growth in elevator market Vellayan is back, after 150 days Singur minus Nano – victory or folly? E.I.D Parry (India) Ltd: another sweet year Eyes strong growth in 2016-17 A niche in FMCG business... TVS Srichakra plans capacity expansion Ode to Ratan Tata Last stages ITC – steep excise hike New India Assurance posts impressive show Is this a generation gap? AL secures orders for 3600 buses Hyundai to focus on SUVs and AMT variants Emami – a new growth mantra Wabco launches safety system Right to privacy – now it’s fundamental! Smartphone onslaught by Chinese brands Tata gets 4-star rating for Zest Forging industry worried over lower supply of steel and its price Tata Motors joins compact SUV bandwagon with Nexon Preparing for the next growth curve Bajaj Finserv – Q1: fare well Michelin to double Chennai capacity TI Cycles plans retail expansion to drive sales for premium bicycles Tata Motors aims to be among the Top 3 global CV & PV firm Housing demand revival Smooth sailing of SAIL Increasing market share L&T bags the Mumbai Trans-harbour link order RoC in the dock... It takes two to tango From the toughest to the best year Titan Company – sales recovery to kick in Sivasankaran enters taxi space to take on Uber and Ola Toyota and Suzuki to introduce EVs in India by 2020 Consolidating leadership position in smartphones Land wars M & M unveils driverless technology for tractors Hyundai India achieves 7 mn production at Chennai factory Daimler’s truck exports from Chennai cross 5000 units Welcome focus to improve rural India... Nissan exit shouldn’t affect ALL The unexpected exit HPCL plans Rs.61,000 crore capex over 5-years LVB posts 31 per cent growth in Q1 net profit PSU non-life firms seek to protect share Chinese smart phones flourish in small towns too! L&T profit up by 11 per cent Dish TV – subscriber additions encouraging Tata Motors charts investments in PV and CV businesses Maruti – for young buyers Tata Motors bets on new launches Rane targets Rs.5500 crore topline by 2018-19 TVS Automobile invests Rs.75 crore in start-up firms AL introduces Guru & Partner Aurobindo Pharmacy: good turnaround Record two-wheeler sales L & T’s floating dock for navy ITC chairman calls for policy impetus to transform agriculture The gainers and the losers IOB on turnaround path CAPITAL NOTES Daimler grows sales and share in India Shriram Life clocks more than Rs.1000 crore premium in 2015-16 Carnival Films acquiring 3000 screens pan India A welcome initiative-even critics are recognised PPP model for infrastructure development
Carnival Films acquiring 3000 screens pan India
The Kochi based film company, Carnival Films Pvt. Ltd., is set to acquire 3000 screens over the next three years in India and abroad. It currently owns 75 screens.
According to Carnival group’s Chairman Srikant Bhasi, the company is in talks to acquire over 175 screens from three separate multiplex operators in Andhra Pradesh, Punjab and Uttar Pradesh. Consulting firm KPMG is advising Carnival on the transactions.
Bhasi, a film producer himself and a bit player in Malayalam cinema, says his immediate goal is to have 300 screens. Carnival has the financial backing of Advantage Overseas Private Ltd. (AOPL), an international agri commodity trading company which clocked revenue of Rs 52,000 crore last financial year.
     A single screen costs about Rs 2.2 crore to develop and acquisition is the easiest way to aggregate more screens in India. Internal accruals and debt together will probably help Carnival touch the 3000 screen mark. 
Author :
Reported On :
Sector :
Shoulder :
IE, the business magazine from south was launched in 1968 and pioneered business journalism in south. Through the 45 years IE has been focusing on well-presented and well-researched articles. When giants in the industry stumbled to keep pace with the digital revolution, IE stayed affixed embracing technology.
Read more
Economist Communications Ltd is committed to ensuring that your privacy is protected.
Read more
You agree that your use of this Website and the purchase of the magazine will be governed by these terms and conditions.
Read more
S-15, Industrial Estate,
Chennai - 600 032.
PHONE: +91 44 22501236