MUMBAI — The Competition Commission of India has approved the Carnival Group’s acquisition of Reliance MediaWorks’ Big Cinemas chain.
In December 2014, the Carnival Group had offered $112 million for Big Cinemas. In January, Carnival also acquired Stargaze Entertainment’s cinemas. The company now has a total of 330 screens, making Carnival now India’s third largest multiplex operator.
The Inox group has 361 screens while the market leader PVR has 454.
The Reliance-Carnival deal does not include the IMAX property in Mumbai.