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Adlabs Films Ltd was founded by Mr. Manmohan Shetty and Mr. Vasanji Mamania in 1978 to set up a motion picture processing laboratory in Mumbai. The company initially catered to the ad film market (hence the name "Adlabs"). The company has since evolved into processing full-length feature films controlling 70% of the Western India market. Adlabs Films Limited today is a large integrated professionally managed entertainment company with various business divisions that now establish an extended presence across different points of the value chain within the film segment. Hence the divisions for Production to Processing to Exhibition.By far, the greatest achievement of the company has been the erection and management of the 518 seat IMAX® Dome theatre, (which is incidentally the largest Dome Theatre in the world) along with Mumbai's first multiplex (4 screens and 1314 seats). The Theatre has been operational since the year 2000. That year the company also floated an IPO of 4.4 million equity shares at Rs.120/- per share aggregating to Rs. 528 million. It was one of the first film companies to go public. The trust in the company and it's promoters was evident from the public's response to the issue. Today's market capitalisation is pegged at Rs. 2250 million. "The company has allotted on preferential basis 1,10,00,000 equity shares and 38,00,000 warrants to Reliance Land Pvt. Ltd. With this the Reliance (ADAE) group becomes the majority shareholder with a 51% holding in the company."
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