Private Equity player Warburg Pincus has acquired around 14% stake in PVR, India’s largest film and retail entertainment company for Rs 820 crore. The stake is being acquired from affiliates of private equity firm Multiples, who will remain a long term investor with a 14% equity stake and the current promoters who will continue to drive the business and remain the largest shareholders with a shareholding greater than 20%.
PVR is the largest and the most premium film and retail entertainment company in India. The company 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. PVR currently operates a cinema circuit comprising 562 screens in 122 properties in 48 cities pan India.
