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Why Formula One in India will be The Biggest Money Churner?
By siliconindia
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Wednesday, 19 October 2011, 00:01 IST
Here is the list of companies who are banking on the Grand Prix:
1. Bookmyshow.com:
Tickets have been priced from Rs 2,500 to Rs 35,000, and the 'response has been fantastic'. According to Ashish Hemrajani, CEO of Bookmyshow.com, in the first three hours of going on sale the website sold tickets worth Rs 1.5 crore. Most bookings came from Delhi and its suburbs, followed by Mumbai and Chennai. The Rs 2,500 tickets have been sold out. Gaur estimates revenues of around Rs 75 crores from tickets alone, including the corporate boxes. There are about 55 corporate boxes, priced from Rs 35 lakh to Rs 1 crore each; according to Gaur, most have been booked, including one by Shah Rukh Khan and companies like JK Tyre and Bharti Airtel reports Business Standard.
