Fun Cinemas in talks to raise Rs 400 mn

The Essel Group company that runs a chain of theatres under the Fun Cinemas brand is starting the new year on a perfect note.

According to the reports, the company Fun Multiplex Pvt Ltd is in talks with the private equity investors to part-fund its expansion plans.

The company aims to launch nine multiplexes during the 12-month run ended 31 March 2011 and has an investment plan of Rs 750 mn.

The new multiplexes will be in Kolkata, Bhopal, Kochi, Raipur, Bhatinda, Ranchi, Mangalore, Patiala and Chennai.