Investment services provider Macquarie Bank has purchased 2.68 lakh shares of Multiplex chain operator PVR worth Rs 9.5 crore. The bank has acquired a total of 2,68,576 shares of PVR at an average price of Rs 352.72 apiece through open market transactions.
Earlier in January this year, PVR had completed acquisition of a controlling stake in Cinemax India for Rs 395 crore, following which it became the country’s largest mutiplex operator with a combined strength of 351 screens at 85 locations.
PVR is engaged in the business of film exhibition. It has 46 operational properties, with 213 screens and a seating capacity of 50,655 seats. Cinemax had 39 operational properties, with 138 screens and a seating capacity of 33,535 seats.
| 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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