What a dream run it has been for the Indian equity market in 2017 - and who would have thought. If we rewind back and talk about all the gloom and doom that were surrounding us back in December of 2016; demonetisation and impending huge indirect tax reform. Well, the Indian market has come a long way and come on top.
Cineline India, which in March this year purchased about 50,000 sq feet commercial property in Andheri, Mumbai, from Kanakia Lifespaces, hopes to notch up rental yield to the tune of 8-9 percent from the project, says the company CFO Jitendra Mehta.
Cinemax has demerged its business into two arms, one dealing with the multiplex business and the other having exhibition rights. Jitendra Mehta, Group CFO of Cinemax told CNBC-TV18, the company at present is willing to invest only Rs 8 to Rs 10 crore every year in Cinemax Properties.
Cinemax India has added 40 screens to their kitty this year itself, due to which chief executive Sunil Punjabi believes that they could post close to 45-50% growth in this fiscal.
In an interview with CNBC-TV18, Sunil Punjabi, chief executive officer of Cinemax India says, the month of January is looking fairly positive.
Sunil Punjabi said, "Don-2 is looking much bigger and it is going to be in 3D this time. We have made investments in terms of digitising more screens and also making those 3D enabled."
Sunil Punjabi, chief executive officer of Cinemax India, in an interview to CNBC-TV18, spoke about the latest happening in the company and the road ahead.
Sunil Punjabi, chief executive officer of Cinemax India in an interview with CNBC-TV18 said that he expects Q3FY12 to be the best quarter on the back of some big movies slated for release at that time.
Sunil Punjabi, CEO of Cinemax India, in an interview with CNBC-TV18’s Reema Tendulkar and Ekta Batra, said that the run rate has picked up in terms of releases of films and the response has been good.
In an interview with CNBC-TV18’s Reema Tendulkar and Sonia Shenoy, Sunil Punjabi, CEO of Cinemax India spoke about the latest happenings in his company and the road ahead.