PVR INOX Ltd, a multiplex operator formed by the merger of India’s top two companies, has announced a quarterly loss of 3.33 billion rupees ($40.72 million). The loss was primarily due to one-time impairment charges and expenses associated with the planned closure of certain cinemas. As a Continue Reading
According to four sources a deal is being worked out, the parent company of the country’s largest multiplex chain, PVR Limited, is in talks to strike a Rs 13,600-crore merger deal with rival and third largest movie theatre chain Cinepolis India. Cinepolis India will be valued between Rs 4,000 and Rs 5,000 crore. PVR Limited […]Continue Reading