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PVR defers acquisition of DLF’s cinema biz

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MUMBAI: In a bid to end speculation over the proposed acquisition deal, Delhi-based cinema exhibition major PVR Ltd said Wednesday that the completion of DLF’s DT Cinemas has been deferred till 15 February due to pending compliance issues.


In a filing to the BSE, PVR said that the two parties have mutually agreed to extend the deadline for completing the deal until 15 February 2010.


As part of an acquisition deal signed in November 2009, PVR was supposed to acquire DLF Group‘s cinema business in a stock-and-cash deal. 


The multiplex operator was to make a payment of Rs 202 million and to issue 2.56 million shares to DT Cinemas representing 10 per cent of the fully diluted paid up share capital of PVR Ltd on a preferential basis for the acquisition.


However, the company said that the issue of preferential shares was subject to completion of certain pending compliances by DT Cinemas and the deal could be terminated if the acquisition conditions were not satisfied within 60 days of signing the agreement unless the period was mutually extended.

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Hindi

Dhurandhar the revenge storms past Rs 1,000 crore in a week, rewrites box office records

Aditya Dhar’s spy thriller sets fastest run to Rs 1,000 crore with record-breaking weekday hold

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MUMBAI: The box office has a new juggernaut—and it is moving at breakneck speed. Dhurandhar the revenge has smashed past the Rs 1,000 crore mark worldwide in just a week, clocking a staggering Rs 1,088 crore and resetting the rules of the blockbuster game.

Backed by Jio Studios and B62 Studios, and directed by Aditya Dhar, the spy action sequel opened to the biggest weekend ever for an Indian film globally—and then refused to slow down. Unlike typical tentpole releases that taper off after Sunday, this one powered through the weekdays with rare muscle, posting Rs 64 crore on Monday, Rs 58 crore on Tuesday, Rs 49 crore on Wednesday and Rs 53 crore on Thursday.

The numbers stack up to a formidable first-week haul. India collections stand at Rs 690 crore nett and Rs 814 crore gross, while overseas markets have chipped in Rs 274 crore, taking the worldwide total to Rs 1,088 crore in just eight days.

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The film’s opening weekend alone delivered Rs 466 crore, laying the foundation for what is now being billed as the fastest climb to the Rs 1,000 crore club in Indian cinema. Every single day of its first week has set fresh benchmarks, from the highest opening weekend to the strongest weekday hold—metrics that typically separate hits from phenomena.

A sequel to the earlier hit Dhurandhar, the film has not just built on its predecessor’s momentum but obliterated previous records, emerging as the biggest global blockbuster run by an Indian film to date.

At this pace, the film is not merely riding a wave—it is creating one.

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