MIRAJ CINEMAS LOOKS FOR A BUYER

NEW DELHI: India’s fifth largest multiplex chain Miraj Cinemas is up for sale, having been unable to sustain since its foray into the film exhibition business in 2012, said people familiar with the development. The chain is owned by Rajasthan-based diversified business group Miraj established in 1987 with multiple business verticals including tobacco, FMCG (fast-moving consumer goods), pipes and fittings, stationery and infra-development. Miraj has also co-produced Bollywood films such as Hema Malini-directed Tell Me O Kkhuda (2011), Naseeruddin Shah-starrer Sona Spa (2013), Irrfan Khan’s Madaaari (2016) and others. “They have been wanting to exit for a while, as film exhibition has not turned out as lucrative as Miraj’s other businesses,” said one of the people mentioned above.