Bollywood Actor Ajay Devgn to infuse Rs 600 crore in his multiplex chain NY Cinemas
Bollywood actor Ajay Devgn is planning to invest Rs 600 crore in his multiplex venture NY Cinemas Llp (based on the names of his children Nysa and Yug Devgn) over the next five years.
The 50-year-old actor said that he is aiming to open at least 250 screens across the Northern and Western parts of India. Devgn added that the first launch of his multiplex venture is slated in June in Ratlam, Madhya Pradesh.
The NY Cinemas will target people who don't have access to modern theatres and live in remote parts of the country, said Ajay Devgn. Although he has not revealed much about the project but said that it will be unlike any other multiplex in the market. Till now, the actor has bought two single-screen theatres in Uttar Pradesh's Hapur and Ghazipur.
According to Rajeev Sharma, Chi...