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The Hinduja group, which has presence in the media company via IndusInd Media Communication Ltd (IMCL), is obtaining ready for a bigger amusement play by entering the booming movie exhibition section. The group plans to buy multiplexes and single-display screen theatres or acquire organizations that are by now into the exhibition company.

The group intends to make investments Rs 500 crore over the subsequent two-three years in exhibition, material, manufacturing and distribution, Hinduja TMT (HTMT) co-chairman Ramkrishan P Hinduja, stated. HTMT, the residual entity after hiving off the technological innovation company, is the holding organization for the media company. The acquisitions will be funded through a combine of equity and debt. About Rs 250 crore has been tentatively earmarked for acquisitions. The Reliance-Anil Dhirubhai Ambani group, PVR Movies and Inox Leisure are some of the major gamers in the motion picture exhibition area.

The Hinduja group presently exists only in the distribution and subject material business through In2Cable and InNetwork Entertainment. Equally of these arms are to be merged into IMCL under the proposed re-structuring of the group’s media organization.

The group is also in sophisticated discussions with economic and strategic investors who want to participate in the media arm, Hinduja stated. The media business has a turnover of Rs 160 crore. Nowadays, the Hinduja Group has grown to be one of the biggest diversified groups in the globe spanning all the continents.

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