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The Goods and Services Tax (GST) is expected to be positive for multiplexes. The Goods and Services Tax (GST) is expected to be positive for multiplexes. This is primarily owing to the input tax credit (ITC) expected on the fixed costs that a multiplex incurs like rental, CAM, electricity, etc., says an ICRA note. GST has been fixed at the rate of 28% for tickets priced over Rs. 100 and 18% for tickets priced less than Rs. 100 for the movie exhibition industry. Though it is higher than the industry’s expectation of a standard rate of 18%, thereby toning down the previously expected positive impact on the industry’s margins, on a net level, the impact still is expected to be positive. According to Mr. Shubham Jain, Vice President and Sector Head, ICRA “The new simplified GST for the multiplex industry will facilitate players to conduct their business. So far, the industry has been operating under differential tax regimes across states. Overall, we expect the impact of GST to be po...

GTPL Hathway IPO to be opened from today, raised from Anchor Investors 145 million Digital Cable Company GTPL Hathway IPO will open from today It will be open from today to June 23. The issue size of the IPO is Rs 485 crores.The issue price of the issue is Rs 167-170, while the lot size is 88 shares.GTPL Hathway has raised more than 145 crores from Anchor Investors.GTPL Hathway, cable TV operator GTPL and Hathway have a joint #venture of 50-50. Read Full Article at: https://goo.gl/667Wcg GTPL Hathway to raise Rs 480 crore from IPO GTPL Hathway, a 50:50 joint venture between cable TV operator GTPL and Hathway Limited, would raise Rs 480 crore from the public from an IPO for retiring debt and improving network infrastructure. Managing Director of GTPL Hathway A Jadeja said that 1.4 crore equity shares would be offloaded as `Offer for Sale' to raise Rs 240 crore and another Rs 240 crore by way of offering fresh equity. He said that the money raised from `Offer for Sale...