PVR Cinemax buys for Rs 395 cr, the nation's largest multiplex is

PVR will make the acquisition by Cine hospitality Private Ltd, a subsidiary of the company.

PVR PVR will also open a listing that said to the shareholders of Cinemax to buy up to 26 percent more, in the announcement.

The share would make India's largest PVR multiplex. PVR currently has approximately 210 screens.

Cinemax, which 39 properties with 138 screens operates, will help acquire PVR upscaling and become the largest multiplex company in India.

According to a report by CNBC-TV18, is even Imax looking to expand of its existing contract with PVR. IMAX hopes to open theaters in alliance with PVR in Bangalore Mumbai and Delhi soon, and to benefit from the PVR-Cinemax deal too.

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