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PVR denies stake sale to Wanda

PVR is currently the biggest multiplex chain in the country, with 553 screens across 131 properties in 48 cities across the country

Urvi Malvania  |  Mumbai 

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Multiplex chain PVR has denied media reports that the promoters are looking to sell their stake to Chinese cinema exhibition giant Wanda. The company refused to comment further, calling it a speculation.

PVR is currently the biggest multiplex chain in the country, with 553 screens across 131 properties in 48 cities across the country. The multiplex business in India underwent a consolidation between 2010 and 2015, which saw the emergence of four national players -- PVR, Inox, Carnival and Cinepolis. PVR recently completed the acquisition of Delhi-based DT Cinemas, a deal that ...

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First Published: Fri, September 02 2016. 12:07 IST