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The rise of Cinema Stocks and RIL's Middle East Gambit

Finshots Daily

Movie Theatres and Reliance Industries Ambition to Go International

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Theatres owners have been bleeding money for the last year or so, and they've been desperately trying to get back up on their feet. Reliance industries has also signed a deal with state-owned abudabi oil company yirad romanas before it set up an international subsidiary. It seems that the company's ties to the oil rich middle east region are growing stronger by the day. Think of a greenfield project as fresh start when they do everything from scratch. And you can see why this was a significant development.

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