PVR acquires controlling stake in Cinemax India

PVR acquires controlling stake in Cinemax India Multiplex chain operator PVR said it has completed acquisition of a controlling stake in Cinemax India for Rs 395 crore. “PVR, through Cine Hospitality, has purchased controlling stake in the share capital of Cinemax India through a block deal executed on the floor of the stock exchange on January 8, 2012,” PVR said in a filing on the BSE.

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