Tag Archives: Carnival Cinemas

Reliance MediaWorks divests Big Cinemas to Carnival

Reliance MediaWorks (RMW), Mumbai based film and entertainment services firm, has entered into an agreement with Carnival Cinemas to divest its multiplex business unit, Big Cinemas. Apparently, this divestment helps Reliance Capital to reduce its overall debt by INR7 billion, through a combination of transfer of debt of RMW and infusion of cash proceeds. The [...]