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PVR evaluating proposals to buy cinema chain

PVR evaluating proposals to buy cinema chain
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First Published: Mon, Sep 13 2010. 03 36 PM IST
Updated: Mon, Sep 13 2010. 03 36 PM IST
New Delhi: Indian multiplex operator PVR Ltd on Monday said it is evaluating proposals to acquire a cinema chain in the country, a top official said.
PVR is “evaluating proposals” for acquisition, Pramod Arora, chief executive officer, told Reuters in an interview, adding it was just “talking” and “nothing concrete” had happened so far.
The talks with DT Cinemas, owned by India’s top realtor DLF, have though not been revived yet, he said. Earlier this year, PVR and DT Cinemas had mutually agreed to end a deal struck in November to buy DLF’s cinema exhibition business.
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First Published: Mon, Sep 13 2010. 03 36 PM IST