Hindi
PVR gets board nod to dilute 10% stake to Thai firm
MUMBAI: Delhi-based cinema exhibition major PVR board has approved the proposed allotment of equity shares to Major Cineplex Group Plc of Thailand on a preferential basis.
The company will allot a total of 2,557,000 equity shares of Rs 10 each, amounting to 10 per cent of the equity, at a price of Rs 165 per share, including a premium of Rs 155 per share.
“With this, the Major Cineplex Group will hold a 10 per cent stake in PVR,” said PVR CFO Nitin Sood.
Major Cineplex Group is Thailand‘s leading lifestyle entertainment company with core business in multiplexes, film distribution, lifestyle neighbourhood malls, bowling and karaoke, ice skating rink, fitness clubs and advertising media.
Major Group, listed on the stock exchange of Thailand, currently operates about 350 multiplex screens, 500 bowling lanes, 300 karaoke rooms and 2 ice skating rinks in the country.
Major Group is also a joint venture partner with PVR in PVR bluO Entertainment Ltd.
Meanwhile, the board also approved the allotment of 11.40 per cent, 290 secured redeemable non-convertible debentures of Rs 1 million each to be issued in the form of separately transferable redeemable principal parts (STRPPs) of Rs 100,000 each.
However, PVR said Monday that allotment to DT Cinemas Ltd, DLF Group‘s cinema business, has been deferred for certain pending compliances with regards to handover of properties to the company.
“There are certain clarifications forthcoming from DT Cinemas‘ end and as soon as things are clarified we will go ahead with the acquisition,” adds Sood.
Hindi
Jio Studios, Sanjay Dutt team up to revive Khal Nayak
Rights acquired for new version, format under wraps as remake plans take shape.
MUMBAI: The villain is back and this time, he’s rewriting his own script. Jio Studios has partnered with Three Dimension Motion Pictures and Aspect Entertainment to revive the 1993 cult classic Khal Nayak, marking a fresh chapter for one of Bollywood’s most iconic anti-hero stories. The original film, directed by Subhash Ghai under Mukta Arts, was a commercial and cultural milestone, with Sanjay Dutt’s portrayal of Ballu becoming one of Hindi cinema’s most memorable performances.
Dutt, along with Aksha Kamboj, has now acquired the rights from the original creators, bringing on board Jio Studios and its President Jyoti Deshpande to steer the project creatively.
While the exact format whether remake, sequel, prequel, or a completely new narrative remains undisclosed, the collaboration aims to reinterpret the story for contemporary audiences while retaining the essence that made the original a defining film of the 1990s.
The move taps into a broader industry trend of reviving legacy intellectual property, particularly characters with strong recall value. “Khal Nayak” was notable for pushing mainstream Hindi cinema into morally grey territory at a time when heroes were largely one-dimensional, making Ballu’s character a standout.
The project also marks the film production debut of Aspect Entertainment, signalling a push towards more technology-led storytelling frameworks. Meanwhile, Jio Studios continues to expand its slate, having built a library of over 200 films and series, with more than 60 titles collectively winning 500-plus awards.
For Dutt, the revival is as much personal as it is strategic, a return to a role that reshaped his career. For the industry, it is another sign that nostalgia, when paired with scale, remains a powerful box-office proposition.
Because in Bollywood, some villains never fade, they just wait for the perfect comeback.
