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Reliance Entertainment Sells Big Cinemas

Reliance ADA Group, the Indian backer of DreamWorks, has agreed to sell its Big Cinemas chain to Carnival Cinemas in what is believed to be the biggest ever deal in the Indian multiplex sector. Reliance Capital said that it would reduce debt by $112 million, while still holding on to $32 million of underlying property assets. http://goo.gl/BoqDbC #EntertainmentBiz

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