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PVR acquires 70% stake in Zea Maize: Report

20 Aug 2015 Evaluate

PVR has reportedly bought 70% stake in Zea Maize, which owns the Delhi-based startup 4700BC Popcorn, for Rs 5 crore. Post the investment, the startup will be a subsidiary of PVR but will continue to function independently.

PVR is engaged in the business of film exhibition. The company operates other business such as providing content, film distribution and Entertainment Park through its subsidiaries. Currently, the company has achieved the status of being India’s largest cinema chain.

Peers
Company Name CMP
PVR Inox 1510.50
Saregama India 541.55
Shemaroo Entertain. 98.00
UFO Moviez India 61.01
Tips Music 781.10
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