Hindi
PVR terminates deal to acquire DLF’s cinema biz
MUMBAI: Delhi-based cinema exhibition major PVR has terminated the deal to acquire DLF Group‘s cinema business, a reversal of its earlier plan to grow in size through the buyout of DT Cinemas.
Blaming DLF for not meeting the conditions required for acquisition, PVR said Monday that both the parties have mutually agreed to end the deal. “The primary reason for us to call off the deal is that DT Cinemas has failed to comply with certain conditions, even after we extended the time till today,” PVR CFO Nitin Sood tells Indiantelevision.com.
Another possible reason cited by analysts is that the shares of PVR soared as the market conditions improved, indirectly jacking up the price of the deal.
PVR had signed the pact with DT Cinemas in November last year to acquire the company in a stock-and-cash deal. PVR was to issue 2.56 million shares to DT Cinemas representing 10 per cent of the fully diluted paid up share capital of PVR Ltd and make a payment of Rs 202 million to fund the acquisition.
PVR is now trading at Rs 175 per share, up from Rs 138 at the time of the announcement of the deal.
DT cinemas has a current portfolio of 29 screens with 26 screens currently operational and another three screens expected to commence operations in the next six months.
PVR will, however, continue to aggressively look at acquisitions. “We are looking aggressively for inorganic opportunities,” says Sood.
The multiplex industry is entering into a phase of consolidation as huge funds are required to spread the footprint across the country. Inox Leisure recently bought out the promoters and took a majority stake in Fame India, a move that made it the largest multiplex operator in terms of revenue.
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
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.
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.
