Mumbai: Cineline India has acquired 27 additional screens on a lease basis of which 9 are in Uttar Pradesh, 6 in Rajasthan, 5 in Noida, 5 in Gujarat and 2 in Maharashtra. These theatres will have an aggregate seating capacity of more than 5,500 seats.
The Company will continue to grow its Film exhibition business aggressively in due course of time by acquiring theatre properties PAN India.
Commenting on the same, Rasesh Kanakia, Chairman, said “We are delighted to announce the tie up of additional 27 screens PAN India. With this, we have tied up with 75 screens and over 16,500 seats in total. We are seeing huge opportunity for organized players to increase their foothold and plan to create a strong consumer-oriented brand in this segment.
Over the next few months, we will continue to acquire additional screens PAN India. There is a strong pipeline of movies coming up and we see a huge opportunity to grow exponentially in this space.”