PVR and Elan Group have amicably resolved all differences and disputes which had arisen between the parties on account of misunderstandings in relation to MoUs pertaining to development of multiplexes in Gurugram.
Both the parties had initiated multiple legal proceedings against each other under both civil and criminal laws. The parties have now mutually agreed and already initiated steps to withdraw all pending legal proceedings against their respective organizations as well as against their directors/officials.
Both the parties have reached a revised understanding with respect to leasing the multiplexes in commercial projects being developed by Elan group in Sector 80 (Elan Mercado), Sector 67 (Elan Town Centre) and Sector 84 (Elan Miracle). All disputes stand settled and no dispute survives between the parties.
PVR is the largest and most premium film exhibition company in India. Since its inception in 1997, the brand has redefined the way entertainment is consumed in the country.
Company Name | CMP |
---|---|
PVR | 1348.80 |
Saregama India | 427.15 |
Eros Internatl.Media | 21.11 |
Shemaroo Entertain. | 154.30 |
Balaji Telefilms | 70.83 |
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