Movie theatre chain PVR on Friday acquired DLF-owned DT Cinemas —seven cinema halls in NCR and one in Chandigarh, 29 screens in all -- in a stock-cum-cash deal of Rs 62.2 crore. PVR will run all these multiplexes under PVR Cinemas brand; DT Cinema will now cease to exist.In the deal to acquire DT Cinemas, PVR paid Rs 20.2 crore cash to DLF Ltd. Besides this, it also gave 25.57 lakh new shares, which constituted 10% of the post diluted equity capital of PVR. According to the deal, PVR will also have exclusive rights to operate as a key anchor multiplex partner in all future malls developed by DLF.
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