• PVR Cinemas to acquire southern multiplex major SPI Cinemas

    PVR Cinemas to acquire southern multiplex major SPI Cinemas

    Published Date : 13-Aug-2018 9:26:53 IST

    India’s largest multiplex chain PVR Cinemas on Sunday said it is acquiring South India-based SIP Cinemas in a cash and stock deal worth over ₹850 crore. PVR will acquire a 71.69% stake in cash for ₹633 crore and the remaining stake in stock valued at ₹212 crore. Once the transaction completes, PVR will have 706 screens operational across the country.

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