Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Inox Leisure Ltd adds 5 new IMAX® theatres to circuit

Posted On: 2018-04-20 12:05:47

IMAX Corporation (NYSE: IMAX) and INOX Leisure Limited (INOX), a world-class multiplex chain in India, announced an agreement for five new IMAX® theatres. The theatres will be added to new complexes, with two located in the city of Delhi and one theatre each located in the cities of Mumbai, Navi Mumbai and Gurugram. The deal brings IMAX's total number of contracted theatres in India to 40, with 15 currently open and 25 contracted to open.

"We are very encouraged by the rapid pace of our expansion in India, where we've nearly doubled our contracted network in the last year," said IMAX CEO Richard L. Gelfond. "We're seeing an evolution in the world's third-largest box office market towards more premium, event-driven cinema, and believe IMAX is ideally positioned to work together with world-class theatre chain, INOX, who shares our commitment to quality and innovation, to usher in differentiated cinema experiences across their flagship locations in India."

INOX Leisure Ltd. CEO Alok Tandon said, "INOX stands for the best in luxury, comfort and technology. We have always believed in giving a 7-star movie viewing experience to our patrons and there is not a better experience than IMAX. We receive phenomenal responses from our patrons for the IMAX screens we already have. We are delighted to strengthen this and further expand our footprint of IMAX screens with this latest deal and strongly believe that this association will only grow."

Inclusive of today's agreement, INOX has contracted for a total of 10 IMAX theatres, with two open and eight scheduled to open. INOX currently has an IMAX theatre open in Mumbai and another in Bangalore, both of which opened in 2017. With this deal, INOX will add new IMAX theatres to some of India's most prominent commercial developments, including a standalone IMAX theatre at the iconic Paras Theatre location in the heart of South Delhi and a theatre at the Reliance Convention Centre and Retail in Bandra Kurla Complex - Mumbai's prestigious business district.

Shares of INOX LEISURE LTD. was last trading in BSE at Rs.265 as compared to the previous close of Rs. 260.3. The total number of shares traded during the day was 1118 in over 57 trades.

The stock hit an intraday high of Rs. 269 and intraday low of 255.3. The net turnover during the day was Rs. 296848.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Gulshan Polyols Ltd Q4 net profit slides to Rs. 7.80 crores

TAAL Enterprises Ltd Q4 PAT soars to Rs. 2.27 crores

Bata undergoes collection and image makeover

Gibraltar BSN Life Berhad Selects Majesco Distribution Management and Majesco Digital Solutions

Red Hat Helps Power Tata Communications' IZO™ Private Cloud with Openshift and OpenStack

Music Broadcast Ltd Q4 net profit surges to Rs. 16.26 crores

Odyssey Technologies Ltd Q4 PAT up at Rs. 1.09 crore

Hercules Hoists Ltd FY18 net profit higher at Rs. 9.78 crores

HealthCare Global Enterprises Ltd Q4 consolidated net drops to Rs. 2.41 crores

Igarashi Motors India Ltd Q4 PAT slips to Rs. 16.53 crores

Poona Dal & Oil Industries Ltd Q4, FY18 PAT slumps

Bata India Ltd Q4 net profit soars to Rs. 52.08 crores

Triveni Turbine Ltd Q4 net profit increases to Rs. 35.38 crores

Orient Abrasives Ltd Q4 PAT climbs to Rs. 6.47 crores

Rasoi Ltd Q4 net profit falls to Rs. 0.21 crore

TPL Plastech Ltd Q4 PAT up at Rs. 4 crores

Andhra Bank Q4 loss widens to Rs. 2535.82 crores

HPCL FY18 net profit marginally higher at Rs. 6357.07 crores

SMC Credits Ltd Q4 net profit slides to Rs. 0.19 crore

Marathon Nextgen Realty Ltd FY18 PAT slumps to Rs. 27.99 crores

Ratnamani Metals & Tubes Ltd Q4 net profit rises to Rs. 56.21 crores

Capital Trust Ltd posts consolidated loss of Rs. 1.17 crore in Q4

Tainwala Chemicals & Plastics India Ltd FY 18 PAT slips to Rs. 6.36 crores

L&T Technology Services Ltd Q4 PAT surges to Rs. 159.1 crores

Vardhman Holdings Ltd Q4 PAT slumps to Rs. 5.99 crores

Sonata Software Ltd Q4 PAT jumps to Rs. 54.28 crores

Minda Industries Ltd Board recommends 2:1 Bonus Issue

ABC Bearings Ltd calls for board meeting on May 29, 2018

HP Cotton Textile Mills Ltd Board to consider Dividend on May 30, 2018

Borosil Glass Works Ltd Board to consider Dividend on May 30, 2018

L&T Technology Services Ltd Board recommends Final Dividend of Rs. 12

Sonata Software Ltd Board recommends Final Dividend of Rs. 6.75 for 2017-18

Minda Industries Ltd board recommends final dividend of Rs. 1.60

KIFS Financial Services Ltd FY18 net profit drops to Rs. 3 crores

TV Today Network Ltd FY18 consolidated net profit up at Rs. 118.93 crores

CIPLA Ltd Q4 consolidated PAT at Rs. 153.19 crores

Minda Industries Ltd Q4 PAT zooms to Rs. 134.85 crores

Sumitomo Corporation buys 49% stake in Mukand's special steel subsidiary

Marksans Pharma Ltd board to consider FY18 results on May 30, 2018

Roto Pumps Ltd Board to consider Dividend on May 30, 2018

Lincoln Pharmaceuticals Ltd board to consider Q4, FY18 results on May 30, 2018

Rishabh Digha Steel & Allied Products Ltd Board recommends Final Dividend of Rs. 2 for 2017-18

KIOCL reports robust financial results in FY 2017-18

IG Petrochemicals Ltd calls for board meeting on May 28, 2018

Ganesh Housing Corporation Ltd board to consider FY18 results, dividend on May 30, 2018

KIFS Financial Services Ltd Board recommends Final Dividend of Rs. 0.90

Lactose India Ltd board to consider Q4, FY18 results on May 29, 2018

Sundaram-Clayton Ltd FY18 consolidated PAT jumps to Rs. 628.78 crores

TVS SRICHAKRA LTD FY18 net profit falls to Rs. 116.14 crores

Indian Oil Corporation Ltd Q4 net profit up at Rs. 5218.10 crores



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018