PVR set to acquire SPI cinemas in a cash-cum-stock deal valued at over Rs 850 crore

In a cash and stock deal PVR will acquire SPI Cinemas, which operates brands like Sathyam Cinemas, Escape, Palazzo, The Cinema and S2, in key markets of Tamil Nadu, Telangana, Andhra Pradesh, Karnataka, Kerala, and Mumbai.

from Entertainment-Media/Entertainment-Industry-The Economic Times https://ift.tt/2vCPANB