Cinemax theatres get ent tax exemption

PRESS RELEASE


MUMBAI: Cinemax India Ltd. has been granted Entertainment Tax Exemption for its multiplexes at Kandivali East located at Akurli Road, and also for its Thane West property, located at the Eternity Mall, Teen Hath Naka, for a period of five years effective from 20 October, 2006 in accordance with the entertainment tax exemption policy as applicable in the State of Maharashtra.


 


With this grant, six Cinemax multiplexes comprising a total of 24 screens in Mumbai and Nasik now have entertainment tax exemptions for variable years.


 


Cinemax highlights: 




  • An upmarket multiplex with a strategic location


  • Spacious seating for maximum comfort


  • Ambience


  • Gaming zones


  • Massage chairs


  • Karaoke


  • Cinemax theatres are equipped with the state-of-art projection system like the Christie projection and sound system like Dolby digital, DTS sound technology.

Cinemax India Ltd. is proposing a public issue of securities in the near future and has filed the Draft Red Herring Prospectus with SEBI. Further this Draft Red Herring Prospectus is available on SEBI website at www.sebi.gov.in as well as on the Lead Managers’ websites i.e. Enam Financial Consultants Private Limited on www.enam.com, JM Morgan Stanley Private Limited on www.jmmorganstanley.com, Edelweiss Capital Limited on www.edelcap.com and Ambit Corporate Finance Private Limited on www.ambitpte.com

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