PVR’s wholly owned US subsidiary - Cine Hospitality has purchased controlling stake in the share capital of Cinemax India through a block deal and the deal was executed on the floor of the stock exchange on January 08, 2012.
Earlier, PVR had 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.
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.
| Company Name | CMP |
|---|---|
| PVR | 938.05 |
| Saregama India | 344.55 |
| Shemaroo Entertain. | 105.35 |
| Balaji Telefilms | 94.39 |
| UFO Moviez | 72.06 |
| View more.. | |
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