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PVR inks pact to acquire 69.27% stake in Cinemax

30 Nov 2012 Evaluate

PVR has entered into definitive agreements to acquire 69.27% stake in Cinemax, a Kanakia Group entity that operates movie exhibition business in India. PVR currently has 46 operational properties, with 213 screens and a seating capacity of 50,655 seats. Cinemax has 39 operational properties, with 138 screens and seating capacity of 33,535 seats. Further, this acquisition would create the largest movie exhibition chain in India with a combined strength of 351 screens 85 locations with a total capacity of 84,190 seats. This will also give PVR a leadership position in 10 key markets across the country.

The acquisition is being carried out through its wholly owned subsidiary, Cine Hospitality (CHPL). CHPL would be acquiring 69.27% stake owned by the promoter group of Cinemax at a price of Rs 20,365 for all cash consideration of Rs 395 crore. The acquisition shall be followed by an open offer to the public shareholders of Cinemax India for an additional 26% stake for cash.

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.

PVR Share Price

938.05 -12.75 (-1.34%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
PVR 938.05
Saregama India 344.55
Shemaroo Entertain. 105.35
Balaji Telefilms 94.39
UFO Moviez 72.06
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