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Post by The Ultimate Nullifier on Apr 2, 2015 9:43:36 GMT -6
variety.com/2015/biz/asia/reliance-carnival-multiplex-deal-cleared-by-indian-regulators-1201464905/MUMBAI — The Competition Commission of India has approved the Carnival Group’s acquisition of Reliance MediaWorks’ Big Cinemas chain. In December 2014, the Carnival Group had offered $112 million for Big Cinemas. In January, Carnival also acquired Stargaze Entertainment’s cinemas. The company now has a total of 330 screens, making Carnival now India’s third largest multiplex operator. The Inox group has 361 screens while the market leader PVR has 454. The Reliance-Carnival deal does not include the IMAX property in Mumbai.
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