Reliance MediaWorks (RMW) is reportedly in advance talks with PVR and Inox Leisure to sell the theatre chain. The negotiations are on to merge the exhibition business into either of the buyers companies.
Further, the company has held talks with an undisclosed private equity (PE) player. If a deal with either of the two exhibitions business companies is not clinched, the PE fund will invest in the business after the division is spun off as a separate company and listed on the stock exchange.
Reliance MediaWorks has a leading and comprehensive presence in Film and Media Services: Motion Picture Processing and DI; Film, Audio Restoration and Image Enhancement; 3D; Digital Mastering: Studios and Equipment rentals; Visual Effects; Animation; Broadcast and TVC Post Production with presence across India, USA and the UK.
