Introduction:
Leading entertainment company has successfully monetized its hotel asset for ₹270 crore, achieving a net debt-free status. The proceeds will be used to repay outstanding debt and expand its growing film exhibition business under a strategic growth plan.
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Share price movement of Cineline India:
On March 28, 2025, Cineline India Ltd. opened at ₹80.35, up 3.62% from its previous close of ₹77.53. The stock reached a high of ₹81.40 (4.99%) and a low of ₹80.35. By 4:00 PM, it traded at ₹81.40, a 4.99% increase, with a market cap of ₹278.93 crore.
Cineline India Becomes Debt-Free, Expands MovieMAX:
Cineline India Limited has successfully monetized its hotel asset, “Hyatt Centric” in Goa, for ₹270 crore, making the company net debt-free. The sale proceeds will repay ₹108 crore in film exhibition business debt, supporting expansion efforts.
The company has monetized ₹351 crore in non-core assets over two years, including a Nagpur mall and Mumbai commercial spaces. With 77 operational screens and 82 more planned, Cineline aims to grow its “MovieMAX” brand aggressively.
Ace investor holding in Cineline India:
Byna Murali
Byna Murali holds a 1.24% stake in Cineline India Ltd. with 423,939 shares valued at ₹3.4 crore, reflecting confidence in the company’s growth and strategic expansion in the film exhibition sector.
Stock performance of Cineline India for Period of 1 week, 6 months, and 1 year:
Cineline India Ltd. delivered a 1.49% return over the past week but declined by 30.6% in the past six months. The stock has dropped 33.3% over the past year.
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Shareholding pattern of Cineline India:
Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
Promoter | 69.60% | 69.60% | 69.60% |
FII | 1.40% | 1.40% | 1.40% |
DII | 0.00% | 0.00% | 0.00% |
Public | 29% | 29.00% | 29.00% |
About Cineline India:
Cineline India Limited (NSE: CINELINE) operates MovieMax Cinemas, a fast-growing cinema chain under the Kanakia Group. With 77 operational screens and 82 more planned, it offers premium movie experiences across multiple states with diverse film selections and amenities.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.