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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

PVR denies stake sale to Wanda

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 ...