Carnival Cinemas plans to invest Rs. 400 cr in multiplex biz.

Multiplex chain Carnival Cinemas, a part of Mumbai-based Carnival Group, is planning to make an incremental investment of Rs. 400 crore as part of its plans to open 300 screens across India by 2018, according to group chairman Shrikant Bhasi.

'We have signed 50 screens in 11 districts of Kerala. By the end of 2014, Carnival Cinemas will become the largest holder of screens in Kerala,' he told Business Standard.

BS