Cineline India opens 5-Screen multiplex, MovieMAX in Mumbai; Stock jumps 3%

7 Nov 2022 , 12:47 PM

Cineline India Limited stocks in the fast lane after announcement of opening of 5-Screen multiplex at Sarvodaya Mall Kalyan, Mumbai.

In a regulatory filing, the company informed the opening of 5 screen multiplex at ‘Sarvodaya Mall’, situated at Patri Pul, Kalyan Shil Road, Kalyan, Mumbai 421301 with a capacity of 1,220 seats.

The cinema is equipped with recliner seats for enhanced comfort and 2K projectors that deliver high resolution, sharp and bright images. In addition, the Audi’s are equipped with Dolby Atmos sound and 3D technology.

With this launch, MovieMax now is operational in 40 screens across 13 properties in 6 cities in India.

At around 12:49 PM, Cineline India Ltd is currently trading at Rs115.20 per share up by Rs3.25 or 2.9% from its previous closing of Rs111.95 per share on the BSE.

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