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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

MultiplexchainPVRhasdeniedmediareportsthatthepromotersarelookingtoselltheirstaketoChinesecinemaexhibitiongiantWanda.Thecompanyrefusedtocommentfurther,callingitaspeculation. PVRiscurrentlythebiggestmultiplexchaininthecountry,with553screensacross131propertiesin48citiesacrossthecountry.ThemultiplexbusinessinIndiaunderwentaconsolidationbetween2010and2015,whichsawtheemergenceoffournationalplayers--PVR,Inox,CarnivalandCinepolis. PVRrecentlycompletedtheacquisitionofDelhi-basedDTCinemas,adeal ...