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Reelz Exclusive സിനിമ കൊട്ടക വിശേഷങൾ- ലോകത്തിലെ വിവിധ സ്ഥലങലിൽ ഉള്ള തിയേറ്റർഉകൾ ഫോട്ടോകൾ സഹിതം

Discussion in 'MTownHub' started by Red Power, Dec 5, 2015.

  1. agnel

    agnel Mega Star

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    PVR to acquire SPI Cinemas

    ₹850 crore deal to help PVR reach goal of 1,000 screens by 2020, from 638 now

    PVR Ltd. will buy SPI Cinemas, south India’s largest cinema chain and owner of the iconic Sathyam Cinemas in Chennai in a transaction valued at ₹850 crore.

    The deal would help PVR, which is listed on the stock exchanges, strengthen its base in Tamil Nadu, a key movie market.

    As per the terms of the proposal, PVR would buy 2,22,7711 equity shares or 71.7% stake in SPI Cinemas from existing shareholders for a total consideration of ₹633 crore. This involves buying 1,91,534 equity shares or 61.65% stake of SPI from SS Theatres LLP and 31,177 equity shares, or 10.04% stake, in SPI from S.V. Swaroop Reddy, respectively. Further, PVR would issue 1.6 million shares or 3.3% shares in PVR as part of the transaction. Based on PVR Ltd.’s closing share price of ₹1,317.20 on Friday, the 3.3% stake amounts to ₹210.75 crore. Overall, the cash and stock transaction is valued at ₹843.75 crore. PVR currently operates a cinema circuit comprising 638 screens at 137 properties in 54 cities (19 States and UTs), serving 76 million patrons annually.

    Post-transaction, PVR’s total screen count will increase to 706 screens across 152 properties and 60 cities.

    The acquisition will also propel PVR as the seventh-largest cinema exhibitor in the world in terms of annual admissions at its theatres, which will be in excess of 100 million, according to a statement.

    As on March 2018, SPI had total assets of ₹319.63 crore and a turnover of ₹309.60 crore. Ajay Bijli, chairman-cum-managing director, PVR Ltd., said the transaction is a significant step in helping the firm achieve its goal of 1,000 screens by 2020.

    The statement added there was also a provision for the customary call/put option for the firm to buy the remaining 28.31% stake in SPI from SS Theatres LLP at an aggregate price not exceeding ₹300 crore, if triggered.
     
  2. NAvin

    NAvin Established

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    Calicut filmcity onathinu thurakkuoo
    Any news
     
  3. Praji

    Praji Debutant

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    Ellarum evideya. Oru vivarom illallo?
     
  4. Red Power

    Red Power Super Star

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    oru pranthnal kathikkapetta mala jose
     

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  5. agnel

    agnel Mega Star

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    Rani Talkies - Nedumangad after renovation

    DmJZL51W0AAm-7z.jpg DmJZMpxW0AAWI1z.jpg DmJZNNrXgAAQtZ7.jpg DmJZNxcW0AApgOe.jpg
     
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  6. shihab

    shihab Debutant

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    mala ganga movies under renovation. coming soon latest technology. ..
     
  7. Mayavi 369

    Mayavi 369 Sachin My God Super Mod

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  8. ITV

    ITV Star

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    [​IMG]
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  9. NAvin

    NAvin Established

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    Kozhikode film city poottiyaa ?????
     
  10. agnel

    agnel Mega Star

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    no idea...
     

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