PVR mulls acquisition of cinema chain

MUMBAI: Multiplex operator PVR Ltd is evaluating proposals to acquire a cinema chain to speed up its growth.

PVR CEO Pramod Arora has officially stated that his company was “evaluating proposals.” The talks were at an exploratory stage and “nothing concrete” had happened. 

Arora also clarified that talks with DT Cinemas, owned by India‘s top realtor DLF, have yet not been revived yet.

Earlier this year, PVR and DT Cinemas had mutually agreed to end a deal struck in November to buy DLF‘s cinema exhibition business.