Cinemax India surges 63% post Reliance MF stake buy

October 29, Reliance Media & Entertainment Fund had acquired 158,097 Cinemax shares for Rs 1.22 crore.

Cinemax India is trading higher by 7% to Rs 126, extending its over 50% rally in past five trading days on report of a possible takeover attempt by one of its rival multiplex chain. The stock has surged 63% since October 29, after Reliance Media & Entertainment Fund had acquired 158,097 Cinemax shares for Rs 1.22 crore.

On Monday, November 5, the company has clarified on the item and said that “Company is not aware of any stake sale/takeover to/by any other multiplex chain.”

“The company have also checked with the promoters of the company and have been informed that there is no transaction that has been executed in relation to stake sale,” it added.

The stock opened at Rs 115 and hit a low of Rs 113 on the BSE. As many as combined 1.12 million shares have changed hands on the counter till early noon deals against an average 0.52 million shares that were traded daily in past two weeks.

image
Business Standard
177 22
Business Standard

Cinemax India surges 63% post Reliance MF stake buy

October 29, Reliance Media & Entertainment Fund had acquired 158,097 Cinemax shares for Rs 1.22 crore.

SI Reporter  |  Mumbai 



Cinemax India is trading higher by 7% to Rs 126, extending its over 50% rally in past five trading days on report of a possible takeover attempt by one of its rival multiplex chain. The stock has surged 63% since October 29, after Reliance Media & Entertainment Fund had acquired 158,097 Cinemax shares for Rs 1.22 crore.

On Monday, November 5, the company has clarified on the item and said that “Company is not aware of any stake sale/takeover to/by any other multiplex chain.”

“The company have also checked with the promoters of the company and have been informed that there is no transaction that has been executed in relation to stake sale,” it added.

The stock opened at Rs 115 and hit a low of Rs 113 on the BSE. As many as combined 1.12 million shares have changed hands on the counter till early noon deals against an average 0.52 million shares that were traded daily in past two weeks.

RECOMMENDED FOR YOU

Cinemax India surges 63% post Reliance MF stake buy

October 29, Reliance Media & Entertainment Fund had acquired 158,097 Cinemax shares for Rs 1.22 crore.

Cinemax India is trading higher by 7% to Rs 126, extending its over 50% rally in past five trading days on report of a possible takeover attempt by one of its rival multiplex chain. The stock has surged 63% since October 29, after Reliance Media & Entertainment Fund had acquired 158,097 Cinemax shares for Rs 1.22 crore.

Cinemax India is trading higher by 7% to Rs 126, extending its over 50% rally in past five trading days on report of a possible takeover attempt by one of its rival multiplex chain. The stock has surged 63% since October 29, after Reliance Media & Entertainment Fund had acquired 158,097 Cinemax shares for Rs 1.22 crore.

On Monday, November 5, the company has clarified on the item and said that “Company is not aware of any stake sale/takeover to/by any other multiplex chain.”

“The company have also checked with the promoters of the company and have been informed that there is no transaction that has been executed in relation to stake sale,” it added.

The stock opened at Rs 115 and hit a low of Rs 113 on the BSE. As many as combined 1.12 million shares have changed hands on the counter till early noon deals against an average 0.52 million shares that were traded daily in past two weeks.

image
Business Standard
177 22

LIVE MARKET

BSE

  ( %)

NSE

  ( %)

More News

  • FUND PICK: DSP BlackRock Micro Cap Fund FUND PICK: DSP BlackRock Micro Cap Fund
  • Gold discounts fall as arbitrage window shrinks; consumer demand still low Govt preparing comprehensive gold policy

STOCK WATCH

Company Price() Chg(%)
Hind.Construct. 27.50 19.83
Punj Lloyd 23.15 11.57
I D F C 63.45 8.83
SREI Infra. Fin. 82.25 8.22
Power Fin.Corpn. 123.40 7.68
> More on BSE Gainers
Company Price() Chg(%)
Hind.Construct. 27.50 19.83
Punj Lloyd 23.25 11.51
SREI Infra. Fin. 82.35 8.36
Lanco Infratech 4.65 8.14
I D F C 63.20 8.03
> More on NSE Gainers
Company Price() Chg(%)
Trident 51.90 -7.32
Aditya Bir. Fas. 155.90 -6.03
H T Media 83.00 -6.00
Delta Corp 154.50 -4.92
DLF 155.20 -4.32
> More on BSE Gainers
Company Price() Chg(%)
Trident 51.70 -7.51
Aditya Bir. Fas. 155.70 -6.06
JMT Auto 49.00 -5.59
Delta Corp 154.85 -5.00
DLF 154.85 -4.50
> More on NSE Gainers
Widgets Magazine
Widgets Magazine
Widgets Magazine

Derivatives

Index
Instrument Type
Expiry Date
Option Type
Strike Price

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard