PVR to acquire SPI Cinemas in â¹850-crore cash and stock deal
India's largest multiplex chain PVR Cinemas on Sunday said it is acquiring South India-based SPI Cinemas in a cash and stock deal worth over â¹850 crore. PVR will acquire a 71.69% stake in cash for â¹633 crore and the remaining stake in stock valued at â¹212 crore. Once the transaction completes, PVR will have 706 screens operational across the country.