Debt-ridden Carnival Cinemas plans to raise Rs 400 crore from Yes Bank - Moneycontrol

The multiplex operator which has around 450 screens is also looking to use funds to launch more screens. Carnival Cinemas plans to open 100 screens, in which the company had partially invested before coronavirus outbreak.

Multiplex operator Carnival Cinemas plans to raise Rs 400 crore from Yes Bank to restructure its debt and open new screens. The company last year had said that it was looking to finalise an alliance … [+3992 chars]

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