Cinemax India’s two promoters pledge 41 per cent equity

MUMBAI: Multiplex chain Cinemax India’s two promoters have pledged 41 per cent stake for an undisclosed amount.

The company’s two promoters have pledged 1,14,80,000 shares representing 41 per cent stake.

While Rasesh Kanakia pledged 53,17,000 shares representing 19 per cent, Himanshu B Kanakia pledged 61,63,000 shares, or 22 per cent stake.