PVR Cinemas to Acquire SPI Cinemas at over Rs 850 Crore
India’s leading multiplex chain PVR Cinemas has reached an Deal with South India’s one of the largest cinema exhibition SPI Cinemas to acquire the company. PVR to acquire 71.1% stake in from shareholders.
This deal valued over 850 crores and the merger process expected to completed in the next 12 months.
SPI Cinemas have 76 screens all over India, includes all their theatres like Palazzo, Escape, Sathyam Cinemas and S2 Cinemas.