PVR completes acquisition of 71.6% stake in SPI Cinemas
India's largest multiplex chain PVR Cinemas on Friday announced that it has completed the acquisition of 71.69% stake in Chennai-based chain SPI Cinemas in a deal worth â¹850 crore. SPI Cinemas operates 76 screens in 10 cities including Chennai, Hyderabad and Coimbatore. PVR's total screen count across the country will move up to 706 with this acquisition.n