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PVR acquires SPI Cinemas for Rs 633 cr

New Delhi: Multiplex operator PVR on Friday said it has completed the acquisition of 7169 share of South Indiabased chain SPI Cinemas in an allcash deal of Rs 633 crore

Updated At : 07:12 AM Aug 18, 2018 IST

New Delhi: Multiplex operator PVR on Friday said it has completed the acquisition of 71.69% share of South India-based chain SPI Cinemas in an all-cash deal of Rs 633 crore. SPI Cinemas operates 76 screens across 17 properties in 10 cities under several brands such as Sathyam, Escape, Palazzo, The Cinema and S2 Cinema. PTI

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