📈 Live Market Tracking
AI-Powered NSE Corporate Announcements Analysis
Cineline India Opens 3-Screen MovieMax Multiplex in Bareilly; Total Screen Count Reaches 80
Cineline India Limited has announced the opening of a new 3-screen multiplex under the MovieMax brand at City Centre LA Mall in Bareilly, Uttar Pradesh. This new facility adds 564 seats to the company's capacity and features advanced 2K Laser projectors and Dolby 7.1 Surround Sound technology. With this launch, the company's regional presence in Uttar Pradesh has grown to 23 screens. Nationally, Cineline now operates 80 screens across 20 properties in 14 cities, marking a significant milestone in its nationwide expansion strategy.
Key Highlights
Opened a new 3-screen multiplex in Bareilly, Uttar Pradesh, with a total seating capacity of 564.
Equipped with advanced 2K Laser projectors and Dolby 7.1 Surround Sound technology.
Increased regional screen count in Uttar Pradesh to 23 screens.
Total nationwide operations expanded to 80 screens across 20 properties in 14 cities.
Strengthens the MovieMax brand's position as a leading player in the Indian cinema exhibition industry.
💼 Action for Investors
Investors should view this as a positive growth indicator and monitor the company's ability to maintain occupancy levels and improve margins as it scales its screen count. Watch for upcoming quarterly results to see the revenue contribution from these new capacity additions.