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.
