Adlabs acquires majority stake in Malaysian Cinema chain

Mumbai, May 5 (UNI) Adlabs Films Limited, part of the Reliance Anil Dhirubhai Ambani Group, today announced signing of an agreement for acquisition of majority and controlling interest in Malaysia-based Lotus Five Star Cinemas and will be operating a 51 screen cinema chain in Malaysia.

The chain will have a footprint across Malaysia and will be playing mainstream Hollywood films as well as Chinese and Malay, in addition to movies in Indian languages such as Hindi and Tamil Adlabs said in a release here today.

Reliance ADAG Senior vice President Anil Arjun said the acquisition would strengthen Adlabs Cinemas' international presence.

The international network, in addition to Malaysia, comprises 220 screens covering the East, Mid West and West Coast of USA as also Mauritius and Nepal.

Adlabs Cinemas is the largest cinema chain in India and presently has 160 screens nationwide.

UNI VK OBB SY AS1607