The issue will open on January 10 and closes on January 12.
The company plans to spend Rs.15 crore by entering into screening agreements with 300 cinema theatres in TamilNadu, Andhra Pradesh and Karnataka and Rs 25.95 crore for renovation and up-gradation of cinema infrastructure with digital equipment and other related assets for select 100 screens in south India and the balance amount will be utilised for acquisition and other general corporate purposes.
Read More: Midvalley Entertainment To Raise Rs 60 Cr Via IPO
