PVR has completed the acquisition of 71.69% stake of South India based chain SPI Cinemas, of which 61.65% constituting of the paid-up share capital of SPI from SS Theatres LLP and 10.04% of the paid-up share capital of SPI from SV Swaroop Reddy.
SPI Cinemas operates 76 screens across 17 properties in 10 cities under several brands such as Sathyam, Escape, Palazzo, The Cinema and S2 Cinema.
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.
