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Mumbai, March 21

In a forward integration move, E-City Digital Cinemas, the digital technology solutions provider of E-City Ventures, has acquired 51 per cent in Shree Vijay Raj Entertainment & Software Limited (SVRESL).

SVRESL, which posted total gross revenues of Rs 22 crore for 2004-05, is one of the leading exhibitors in the Bombay exhibition territory. It controls and manages around 90 cinemas in Gujarat and Maharashtra. E-City Digital Cinemas is targeting to provide digital cinema solutions to 50 theatres in Gujarat - of which 22 have been executed - and 40 in Maharashtra by December 2006.

More Stories on : Mergers & Acquisitions | Entertainment & Leisure

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