Majmudar & Partners recently represented Carnival Films Private Limited (Carnival Films) on the acquisition of 100% equity stake of ‘Big Cinemas’, the multiplex business house of Reliance Mediaworks led by Reliance Group. The deal value is INR700 crores.

Carnival Cinemas, headquartered in Mumbai, Maharashtra, is engaged in operating multiplexes across India. The transaction will skyrocket Carnival’s total screens to over 300 making it the third largest multiplex operator in the country, trailing behind PVR and Inox Leisure.

Rukshad Davar, Partner, led the team from Majmudar & Partners on this transaction.