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Cinepolis takes remaining DT Cinema screens

The screens were sold for Rs 63.7 crore; deal is subject to approval from Competition Commission of India

Urvi Malvania  |  Mumbai 

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The seven screens still with DLF's cinema chain, DT Cinemas, have been acquired by Mexican multiplex chain Cinepolis. DLF disclosed in a filing on the BSE exchange that the screens were sold for Rs 63.7 crore. The deal is subject to approval from the Competition Commission of India (CCI).

The properties in question are in South Delhi -- six screens in the locality of Saket and one in Greater Kailash-II. DLF has, thus, exited the cinema exhibition business. The company used to operate 39 screens and had initially signed an agreement with Ajay Bijli's PVR Cinemas for the ...

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First Published: Fri, September 02 2016. 20:24 IST