Carnival Films close to buying majority stake in Big Cinemas3 min read . Updated: 10 Sep 2014, 11:49 PM IST
Agreement would give Carnival Films 280 movie screens operated by India's third largest film exhibitor
Mumbai: Carnival Films Pvt. Ltd, backed by a Kochi-based commodity trading company, may be close to acquiring a majority stake in multiplex operator Big Cinemas, a division of tycoon Anil Ambani’s Reliance MediaWorks Ltd, in a deal that would advance consolidation of the movie exhibition industry.
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