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Reliance, Carnival Multiplex Deal Cleared by Indian Regulators

MUMBAI — The Competition Commission of India has approved the Carnival Group’s acquisition of Reliance MediaWorksBig 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.

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