PVR is reportedly in advanced stage of negotiation to acquire DT Cinemas, the wholly-owned subsidiary of DLF which owns theatre screens in and around Delhi. This would be PVR’s second attempt to acquire DT Cinemas after 2009, when it entered into definitive agreement with the DLF Group. That deal called off due some legal issues.
India currently has 1,700 multiplex screens with PVR leading the market with 454 screens while the second-ranked Inox owns 361 screens. DT Cinemas currently operates 29 screens in National Capital Region of Delhi and Chandigarh.
